Shares in the French fashion groups Kering and Hermes plunged Wednesday after both reported sales that missed analyst expectations, in part due to the Middle East war, which has hit business in a key region.
At around 10:00 am, Kering stock was off 10.1 percent at 251.80 euros on the Paris stock exchange, while Hermes fell 10.5 percent to 1,601.00 euros.
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