Kering's stock surged by 10.8% in the initial trading hours of Thursday following news from the Italian newspaper Corriere della Sera about negotiations for the luxury group to sell a Milan building to a Qatari fund for over 1.3 billion euros ($1.43 billion). This development made Kering one of the top-performing stocks on France's CAC40 index, benefiting from widespread gains across different sectors due to a temporary halt in U.S. President Donald Trump's tariffs.