MILAN, Aug 10 (Reuters) - Luxury and travel stocks were among the leading gainers in Europe on Thursday as investors cheered China's decision to lift a ban on group tours in the United States and other key markets.
A gauge of top luxury stocks was up 1.9% while the region's travel and leisure index gained 1%, both outperforming a positive market.
Shares in luxury group LVMH rose 2%, while Air France led gains in the travel sector, up 1.9%.
China said on Thursday it had lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries.
Reporting by Danilo Masoni; Editing by Amanda Cooper
Source: Reuters