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Invezz
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6 months ago
The fragile recovery of European luxury equities, which investors hoped would stabilize following a mixed Lunar New Year, was decisively upended by the onset of the Iran War in 2026. In recent weeks, the sector has seen about [MONEY value="100000000000" currency="usd" notation="long" replace="false"] in market cap evaporate as geopolitical risk premia spiked and consumer sentiment soured.