Shares of luxury goods giant LVMH (MC.PA, LVMUY) fell to their lowest levels in over two years after missing third quarter estimates. The decline was primarily attributed to continued weakness in Chinese consumer spending, a crucial market for luxury brands.

The disappointing results from the parent company of Louis Vuitton, Dior, and Tiffany & Co. triggered a broader sell-off across the luxury sector, impacting peers such as Hermès (RMS.PA), Kering (KER.PA), and Richemont (CFR.SW).

Catalysts Anchor Seana Smith breaks down the details.

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This post was written by Angel Smith