Shein's first results since Hong Kong listing show profit down 67%, shares fall as much as 14% to record low

Shein's first results since listing in Hong Kong show second-quarter profit fell 67%, with the shares sliding as much as 14% to a record low on Tuesday. They closed down 10.7% at HK$31.50, having touched an intraday low of HK$30.24. The company warned that tariff headwinds and fluctuations in logistics costs would persist through the end of the year.