Samonsite shares tumble

Business | 20 May 2019 3:53 pm

Shares of Samsonite International S.A. (1910) tanked by 3.99 percent, or 70 HK cents, to HK$16.84 as of 3:36pm today after an investment bank cut its price target by 32.14 percent.

Morgan Stanley slashed the branded-luggage maker's price target from HK$28 to HK$19 due to the ongoing trade tensions between the U.S. and China.

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