On May 19th, Prada fell about 5%, Samsonite and Osula fell 3.6%, and Chow Tai Fook Jewellery, Sasha International and Zhou Shengsheng all fell more than 1%.
Us stocks sold off overnight after a series of disappointing results from big US retailers heightened investor fears of a recession. Shares in Target Corp, the second-largest US retail department store group, plunged 24.9 per cent in its quarterly report, while Walmart Inc, the largest US retailer, fell more than 11 per cent yesterday and fell nearly 7 per cent on Wednesday.