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Nikkei Falls 1,253 Points as AI and Chip Selloff Hits Tokyo

Tokyo stocks fell sharply on October 13, with the Nikkei 225 closing at 67,778, down 1,253 points, as selling in artificial intelligence and semiconductor-related shares dragged the headline index below 68,000 after a three-day holiday weekend. (News On Japan)

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LVMH sales miss growth forecasts as China luxury demand slows

LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.

  • LVMH's revenue hits €18.5 billion, 1.2% YoY growth
  • China luxury demand slowdown causes 5% sales decline
  • Organic sales growth falls short at 1% in Q3

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