‘Fat finger’ causes share drop at LVMH Moet Hennessy Louis Vuitton

Luxury fashion house LVMH Moet Hennessy Louis Vuitton suffered a shock dip in its share price early this morning, with investors suspecting a computer slip-up known as the ‘fat finger’ for the drop.

LVMH’s share price sunk to its lowest levels in more than a month at the opening bell, tumbling almost nine per cent.

However, trading soon recovered to a modest dip of 0.1 per cent at €313.05, with some investors suspecting that the fall was down to a market error.

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“It was probably a fat finger right at the start of trading,” one Paris-based trader told Reuters, while another added: “No one understood what happened. It was likely a mistake.”

In January the high-end goods group posted record sales and profits for 2018, as booming demand from Asia helped the group shrug off fears of a slowdown from a US-China trade war.