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Fashion Stocks Decline Across the Board Again, with 27 Stocks Falling. SVT Global
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The SVT Global index, primarily composed of fashion and beauty stocks from Europe and the US, experienced another near-broad decline on August 27th. Of the 33 stocks, 27 fell, while only 6 rose. Allbirds surged 16.39%, but was excluded due to its large price fluctuations and the difficulty in predicting its impact on the overall index. Adidas led the gains at 1.59%.
European and American fashion stocks, including Inditex and H&M, rebounded, but Fast Retailing fell for the sixth consecutive day. - SVT Global | August 28
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