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LVMH shares opened up 12 percent on Wednesday, a day after the luxury group reported better-than-expected sales in the third quarter with the help of improved demand in China, prompting a sector-wide rally.
The world’s largest luxury group’s shares traded up 13 percent at at 0811 GMT, while rivals Hermes, Kering, Richemont, Burberry and Moncler were up between 5 percent and 7 percent.
Analysts saw the results beat as a good sign for continued recovery, with Bernstein highlighting that…
