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01.09.26 - 11:12
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Shein slips on Hong Kong debut amid fast-fashion challenges (SCMP)
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Fast-fashion retailer Shein fell on its Hong Kong trading debut as the unprofitable company contends with rising competition and the loss of tax breaks in key markets.
Shares dropped 0.1 per cent from the initial public offering (IPO) price to close at HK$48.50. They earlier slumped as much as 10 per cent. The company raised HK$13.6 billion (US$1.7 billion) in its IPO, the fourth biggest in Hong Kong this year.
The sale valued Shein at about US$26 billion, compared with a peak of about US$100......
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01.09.26 - 06:00
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Rate rise expectations mount in Hong Kong property market following Fed chief′s comments (SCMP)
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With expectations of a quarter-percentage-point increase in the US Federal Reserve's target interest rate increasing following comments by Fed chairman Kevin Warsh last week, the Hong Kong property market is bracing for its potential impact.
Following Warsh's comments at the Jackson Hole economic symposium on Friday, the CME FedWatch tool, which tracks Fed funds futures contracts, indicated that expectations of a rate rise in the United States this month had doubled, with markets pricing in a 60......
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