Iran war wipes out $100 billion from luxury stocks

In this articleMC-FRRMS-FR.SPXRACEwatch nowA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could drop by half, according to analysts.Shares of LVMH and Hermès are down roughly 16% and 20%, respectively, this month, ...