BUZZ-Adidas and Puma fall after Nike margin dip, weak China sales
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Shares of Adidas and Puma fell by 2% and 3% respectively in early Frankfurt trading after Nike reported a drop in gross margins and weak sales in China, leading to a 10% decline in Nike's shares. Nike's Q3 revenue is expected to decrease slightly, affecting European peers. Adidas and Puma are trading at the bottom of their indices.
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