Tiffany’s stock plunges as weaker Chinese tourism puts a dent in sales

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Tiffany's stock nose-dives after the jeweler released disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong.

5 COMMENTS

  1. In Hong Kong they live and die on the mainland Chinese coming over and buying the luxuries there. You see in mainland China all of these things are very expensive which is why they come to HK to spend their increasingly valuable currency.

    If they don’t come, or show up less, buy less, the numbers that places like Tiffany can do go down and fast.

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