Global Market: Shein shares slip after lacklustre Hong Kong debut

Shein shares fell over 3% after a weak Hong Kong debut, highlighting investor concerns over valuation, slowing growth and shrinking margins. The $1.7 billion IPO valued the fast-fashion retailer at $26.5 billion, far below its 2022 peak. Rising tariffs, regulatory scrutiny, customs costs and competition are increasingly challenging Shein’s business model and growth prospects.