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المشهد العربي
Shein's stock drops again in Hong Kong
Shares of Shein collapsed in the Hong Kong Stock Exchange for the second consecutive day since their launch, dropping by 5.15% to reach 46 Hong Kong dollars. This reflects investors’ concerns over slowing growth due to rising import tariffs and increasing regulatory risks. The company had raised $1.7 billion in its initial public offering, with a market valuation estimated at $26.5 billion—significantly lower than its previous valuation of approximately $100 billion in 2022. This poor performance highlights the impact of trade tensions and regulatory uncertainties on Chinese companies listed in global markets.
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