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China plucks Canada Goose caught in crossfire of Huawei arrest

China plucks Canada Goose caught in crossfire of Huawei arrest

Publicerat av Tony Harkén torsdag, 13 december 2018.

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities.

Shares of the Toronto-based clothing company, whose parkas go for $1000, dropped nearly 20 percent over just four days. At the same time, shares of a Hong Kong-based apparel maker, Bosideng, surged around 13 percent, hitting a five-year high.

Read more at RT

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

CN - Time