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H1 profit of HK jeweller Chow Tai Fook slumps by 42%

Hong Kong

CHOW Tai Fook Jewellery Group Ltd, the world's largest publicly traded jewellery chain, reported that first- half profit plunged 42 per cent amid weak demand in Hong Kong and Macau as China's economic slowdown hurt sales of luxury retailers.

Net income fell to HK$1.56...