The World's Largest Jewelry Retailer Is Getting Crushed By China's Slump

Hong Kong based jewelry retailer Chow Tai Fook, the world's largest by market value, is getting crushed on the Hong Kong Stock exchange after disclosing weak sales and lower margins last night. The FT reports that shares are down 9 percent after same store sales fell 1 percent in Hong Kong and Macau and rose only 10 percent in mainland China.

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