BUZZ-US luxury retailers fall as China stocks rally snaps

** Shares of U.S. luxury retailers fall premarket after a rally in China's stock markets following a week-long break reversed on concerns over stimulus plans

** Little insight into strong fiscal steps to bring the slowing economy back on track snapped a two-year high in early trade

** Shares of luxury retailers, both in Europe and the U.S., who draw a large portion of their revenue from China, fall

** Shares of Estee Lauder EL.N down 4%, while Tapestry TPR.N and U.S.-listed shares of Canada Goose GOOS.N down 2% and 3.7% respectively in premarket trading

** Demand for luxury apparel and beauty products has softened in China over the past two years due to weak macro economic recovery marked by tepid manufacturing activity and higher job insecurity

** YTD, EL down 34%, TPR up 24%, while GOOS.N up ~3%, as of last close

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))