On Tuesday, LVMH (LVMH.PA) stock reached a new record high, putting the market capitalization of the luxury goods firm for the first time ever above 400 billion euros.
The rapid reopening of the No. 2 economy in the world has benefited LVMH this year, along with other luxury businesses that are strongly dependent on China.
The shares had earlier increased by 0.38% to a new lifetime high of 795.7 euros before declining by 0.15% by 0818 GMT.