LVMH eases luxury sector fears of major Hong Kong hit
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PARIS (Reuters) - A strong sales update from LVMH boosted stocks across the luxury goods sector on Thursday, as months of unrest in Hong Kong proved less of a drag on the Louis Vuitton owner in the third quarter than expected. Luxury labels rely on Hong Kong as a magnet for travellers and shoppers across Asia, and several months of pro-democracy protests have forced some retailers to close their doors temporarily. In the first real glimpse of the impact across the sector, LVMH said revenues..