Thursday, March 25, 2021

Zero Hedge — Why Corporations Are Terrified Of China: Nike, H&M Tumble After Boycott Begins Over Xinjiang Criticism

As it emerged that China is serious in following through on its threats of boycotting western clothing makers, shares of China's Anta Sports Products and Li Ning surged, while shares in Adidas, Inditex and H&M fell when European markets opened on Thursday: Burberry shares fell as much as 6.3%, Adidas was down as much as 6%, Inditex slipped as much as 1.9%; Nike was down 4% in premarket trading.
Zero Hedge
Why Corporations Are Terrified Of China: Nike, H&M Tumble After Boycott Begins Over Xinjiang Criticism
Tyler Durden

See also

Sputnik International
Chinese Celebrities Sever Ties With Nike Over Remarks on 'Forced Labor' in Xinjiang

2 comments: