SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier.
EUROPEAN shares rose nearly 1 per cent on Thursday, with luxury stocks boosted by Richemont’s upbeat earnings update and semiconductor firms making gains after TSMC reported record quarterly profit.