Shein Fell More Than 5 Percent for a Second Straight Session in Hong Kong
The fast-fashion retailer's rocky trading debut extended into a second consecutive down day, a weak start for a listing that was closely watched as a test of investor appetite for large, controversial consumer names.
FinancialMarkets.com
Shein shares fell more than 5% on their second trading day on the Hong Kong Stock Exchange, extending losses from the company's rocky debut earlier this week.
Shein has now closed lower in both of its first two sessions as a Hong Kong-listed company. The back-to-back declines mark a weak start for a debut that had drawn heavy attention as a test of how investors would price a large, controversial consumer name choosing Hong Kong over other listing venues.
Whether the stock stabilizes from here will depend on trading volumes and investor positioning settling down after the initial listing frenzy, a pattern common to large, closely watched debuts once the first week of trading passes.