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LVMH Falls After Confirming China Border Crackdown on Luxury Items

LVMH extended losses after it said Chinese customs authorities are stepping up border checks on returning travelers, confirming speculation on social-media networks and deepening a selloff in luxury companies’ shares. Shares of the owner of Louis Vuitton, Christian Dior and Dom Perignon Champagne were down as much as 8.4 percent in Paris. Selling spread to…

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