Is the market too complacent on Conorona Virus?: the market anticipates, the crisis is only temporary and should soon be behind us. It will be important monitor the evolution of infected cases and other headlines on suspended activities in China (closed shops, airport traffic etc…). Further deterioration of the situation could change the market belief.
LVMH retraced 61.8% of the fall provides a selling opportunity. Asia ex Japan is 30% of LVMH top line, while Japan is 7%.
20% of Asian sales of LVMH are at airports
LVMH retraced 61.8% of the fall provides a selling opportunity. Asia ex Japan is 30% of LVMH top line, while Japan is 7%.
20% of Asian sales of LVMH are at airports
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