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Nike falls 3.5% amid China slowdown
Nike's stock declined by 3.5% in pre-market trading due to stagnant sales in the Chinese market. Expectations indicate that the contraction will continue through the first half of 2027, driven by tariff pressures, geopolitical uncertainties, and declining consumer spending. Despite quarterly revenues surpassing analyst forecasts, the company's performance reflects challenges in regaining momentum after losing market share to competitors and experiencing significant losses since the start of the year. Nike plans to launch new products and focus on luxury technology, with hints of an early market recovery.
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