SINGAPORE (June 15): Shares of Hong Kong-listed global luxury retailer Prada plunged over 6% today to a record low of HK$37.30 ($6.48) following disastrous quarterly earnings report. The luxury stock was sold off on heavy trading on the Hong Kong bourse. The fall brings Prada stock, which debuted at HK$39.50 with much fanfare three years ago, to its lowest point since its IPO in early June 2012. The stock has now fallen nearly 60% from its April 2013 peak.

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