{"id":2122300,"date":"2026-09-01T06:26:17","date_gmt":"2026-09-01T03:26:17","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2122300"},"modified":"2026-09-01T06:26:17","modified_gmt":"2026-09-01T03:26:17","slug":"shein-shares-fall-on-hong-kong-debut-as-parcel-duties-and-iran-costs-bite","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2122300","title":{"rendered":"Shein shares fall on Hong Kong debut as parcel duties and Iran costs bite"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/65\/62\/1200x675_cmsv2_38f33db2-9fa1-5617-abe5-1f6f00222310-9896562.jpg&#8221;]<\/p>\n<article id=\"abe-2921940-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2921940\" data-cid=\"9895712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921940-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/57\/12\/189x106_cmsv2_a24f0d75-b635-59c2-b8e8-9371a7c2dd29-9895712.jpg\" loading=\"lazy\" alt=\"Sixteen members of a south London Hindu temple remain missing after a flood near Nepal and Tibet, leaving families waiting for news of loved ones.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    South London Hindu temple prays for missing members after deadly floods in Nepal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922051-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2922051\" data-cid=\"9896311\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922051-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/63\/11\/189x106_cmsv2_185fa0bf-ba8b-55ff-981a-98b841270760-9896311.jpg\" loading=\"lazy\" alt=\"Opening ceremony of Nomad Games, Bishkek Arena \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    World Nomad Games open in Bishkek before an audience of world leaders\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922194-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922194\" data-cid=\"9896981\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922194-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/69\/81\/189x106_cmsv2_10fe110b-44f7-5bb8-a0f5-f59abbe00404-9896981.jpg\" loading=\"lazy\" alt=\"King Haakon VIII takes the oath according to the Constitution in the Storting in Oslo, 1 September, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Norway&#8217;s King Haakon VIII swears oath of allegiance to constitution\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922148-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922148\" data-cid=\"9896742\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922148-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/42\/189x106_cmsv2_9cf67309-752d-5646-87f7-ef7922f11a07-9896742.jpg\" loading=\"lazy\" alt=\"UN Secretary General\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Exclusive: UN&#8217;s Guterres urges world leaders to &#8216;stop madness&#8217; of wars\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2921940-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2921940\" data-cid=\"9895712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921940-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/57\/12\/189x106_cmsv2_a24f0d75-b635-59c2-b8e8-9371a7c2dd29-9895712.jpg\" loading=\"lazy\" alt=\"Sixteen members of a south London Hindu temple remain missing after a flood near Nepal and Tibet, leaving families waiting for news of loved ones.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    South London Hindu temple prays for missing members after deadly floods in Nepal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922051-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2922051\" data-cid=\"9896311\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922051-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/63\/11\/189x106_cmsv2_185fa0bf-ba8b-55ff-981a-98b841270760-9896311.jpg\" loading=\"lazy\" alt=\"Opening ceremony of Nomad Games, Bishkek Arena \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    World Nomad Games open in Bishkek before an audience of world leaders\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922194-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922194\" data-cid=\"9896981\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922194-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/69\/81\/189x106_cmsv2_10fe110b-44f7-5bb8-a0f5-f59abbe00404-9896981.jpg\" loading=\"lazy\" alt=\"King Haakon VIII takes the oath according to the Constitution in the Storting in Oslo, 1 September, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Norway&#8217;s King Haakon VIII swears oath of allegiance to constitution\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922148-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922148\" data-cid=\"9896742\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922148-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/42\/189x106_cmsv2_9cf67309-752d-5646-87f7-ef7922f11a07-9896742.jpg\" loading=\"lazy\" alt=\"UN Secretary General\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Kyrgyzstan<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Exclusive: UN&#8217;s Guterres urges world leaders to &#8216;stop madness&#8217; of wars\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Markets<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Shein shares fall on Hong Kong debut as parcel duties and Iran costs bite<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/65\/62\/1536x864_cmsv2_38f33db2-9fa1-5617-abe5-1f6f00222310-9896562.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE - A logo of fast-fashion online retailer Shein is seen on the t-shirt at the listing ceremony in Hong Kong, Tuesday, Sept. 1, 2026. (AP Photo\/Chan Long Hei)\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE &#8211; A logo of fast-fashion online retailer Shein is seen on the t-shirt at the listing ceremony in Hong Kong, Tuesday, Sept. 1, 2026. (AP Photo\/Chan Long Hei)<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Copyright 2026 The Associated Press. All rights reserved<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Copyright 2026 The Associated Press. All rights reserved\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspUna Hajdari\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1788243977\">\n         Published on<br \/>\n            <time datetime=\"2026-09-01 08:26:17 +02:00\">01\/09\/2026 &#8211; 8:26 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div 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height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Shein has listed in Hong Kong after failed attempts in New York and London, as US tariffs and rising shipping costs squeeze the fast-fashion giant&#8217;s profits.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Shares in fast-fashion giant Shein fell as much as 10% on their trading debut on Hong Kong&#8217;s stock market on Tuesday, before recovering some of their losses, following years of delay to the company&#8217;s plans to list publicly and regulatory setbacks in Europe and in the US.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Shein&#8217;s initial public offering opened on 24 August, with the final share price set a week later on 31 August. Trading began the following day, on Tuesday.<\/p>\n<p>The gap reflects standard IPO process, as investors placed their orders over about a week, the banks running the deal then fixed the final price and decided who got shares, and trading opened a few business days later once the exchange gave the final go-ahead.<\/p>\n<p>The listing marks the end of a long search for a stock market willing to take Shein after plans to list in New York and London stalled amid scrutiny over its Chinese supply chains, forcing the company to turn to Hong Kong instead. <\/p>\n<p>New US and EU tariffs on low-cost parcels from China, along with rising shipping costs from the war in Iran, have contributed to Shein&#8217;s swing from a $395 million (\u20ac340mn) profit to a $99 million (\u20ac85mn) loss in the first quarter of this year.<\/p>\n<p>Shein raised about $1.7 billion (\u20ac1.46bn), pricing shares at HK$48.56 (\u20ac5.33) each, in one of the city&#8217;s biggest share sales this year. <\/p>\n<p>&#8220;Shein&#8217;s Hong Kong listing marks a new starting point,&#8221; said Leigh Gui, Shein&#8217;s chief financial officer, in a short speech at its listing ceremony.<\/p>\n<p>But in early trading, the shares fell to below HK$44 (\u20ac4.83) before losses narrowed.<\/p>\n<h2>Tariffs squeeze profits<\/h2>\n<p>Shein has built its appeal to customers on ultra-fast, affordable fashion, delivered from China to the West within days. <\/p>\n<p>However, the end of &#8220;de minimis&#8221; tariff exemptions in the US and the European Union has raised duties on low-value parcels from China, including Shein&#8217;s products. Higher logistics costs, driven partly by the war in Iran, have also squeezed the company&#8217;s low-price business model and profitability.<\/p>\n<p>Tariff costs have forced Shein to raise prices, &#8220;cutting into its main advantage,&#8221; said Jacob Cooke, CEO of WPIC Marketing + Technologies.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Shein launches IPO at a sharply lower valuation \u2014 and Europe is central to its success<\/li>\n<li class=\"c-widget-related__item\">French court rejects government bid to suspend Shein e-commerce platform<\/li>\n<\/ul>\n<\/div>\n<h2>Back to its roots<\/h2>\n<p>Shein, pronounced &#8220;she-in,&#8221; earlier explored listing its shares in New York and London, and moved its headquarters from China to Singapore in 2021. <\/p>\n<p>But increasingly strict scrutiny by Beijing and by regulators in the US and Europe led it to embrace its Chinese roots and switch to a Hong Kong listing.<\/p>\n<p>Launched in 2012 in China, much of Shein&#8217;s operations were in the southern province of Guangdong before it moved its corporate headquarters out of the country.<\/p>\n<p>&#8220;Guangdong is Shein&#8217;s roots, and the starting point of our journey,&#8221; founder Sky Xu said in a speech in February.<\/p>\n<p>Pivoting its focus back to China also highlighted the advantages Shein derives from a supply chain system that &#8220;only exists&#8221; in Guangdong, said William Ma of GROW Investment Group, referring to its small-batch, fast-response manufacturing model.<\/p>\n<p>Shein has hit other roadblocks in expanding in Europe. In February, the EU launched a probe into the company with a focus on &#8220;illegal&#8221; products, including alleged child sexual abuse material.<\/p>\n<p>In May, Shein acquired San Francisco-based eco-friendly clothing retailer Everlane, a move some analysts said was not the best fit.<\/p>\n<h2>Hong Kong&#8217;s IPO boost<\/h2>\n<p>The company&#8217;s market value was roughly $27 billion (\u20ac23.2bn) as it listed in Hong Kong, a fraction of its peak valuation a few years ago.<\/p>\n<p>&#8220;Shein has probably missed its golden listing window due to the shift of momentum toward AI and tariffs, which can affect valuations and profitability,&#8221; said Gary Ng, a senior economist for Asia Pacific at French bank Natixis.<\/p>\n<p>Still, Shein&#8217;s listing is welcome news for Hong Kong, as the Chinese territory makes increasing efforts to hold onto its role as a global financial hub following a downturn in 2023.<\/p>\n<p>Hong Kong&#8217;s stock exchange has had a strong year for IPOs, raising more than $40 billion (\u20ac34.4bn) so far. <\/p>\n<p>There is also a backlog of companies seeking to list there, said Lorraine Tan at investment research firm Morningstar.<\/p>\n<\/div>\n<footer class=\"perf-cv-auto c-article-contributors c-article-contributors-supplementary u-margin-top-2 u-padding-top-2\">\n<p>Additional sources<strong> \u2022 AP<\/strong><\/p>\n<\/footer>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2921767-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2921767\" data-cid=\"9894817\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921767-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/48\/17\/480x270_cmsv2_d26a49ae-217a-518d-a296-0a0970595e1c-9894817.jpg\" loading=\"lazy\" alt=\"View of the oil refinery of Fos-Lavera near Marseille, southern France, Wednesday, March 11, 2026. (AP Photo\/Philippe Magoni)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Oil prices rise as US-Iran tensions flare and Warsh fans rate hike<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920957-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920957\" data-cid=\"9891053\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920957-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/10\/53\/480x270_cmsv2_57054cab-a1cc-5999-8d5a-0bd0dfc9fced-9891053.jpg\" loading=\"lazy\" alt=\"FILE. 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(AP Photo\/Nic Coury)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Nvidia bets on another blockbuster year, guiding for 70% growth into 2028<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  fast fashion<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  IPO<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Shein<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Hong Kong<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2922174-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922174-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/89\/320x180_cmsv2_1c09d6bf-eaec-58a0-aefb-f94dfcfeb84b-9896889.jpg\" loading=\"lazy\" alt=\"US President Donald Trump speaks in the Oval Office of the White House, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; 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(AP Photo\/Philippe Magoni)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Oil prices rise as US-Iran tensions flare and Warsh fans rate hike<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920957-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920957\" data-cid=\"9891053\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920957-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/10\/53\/480x270_cmsv2_57054cab-a1cc-5999-8d5a-0bd0dfc9fced-9891053.jpg\" loading=\"lazy\" alt=\"FILE. Sweden, Denmark, Norway and Finland&apos;s flags lined up together, May 2015\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Nordics weigh merging their stock exchanges into one regional market<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920852-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920852\" data-cid=\"9890437\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920852-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/04\/37\/480x270_cmsv2_259cc852-16d1-5a1b-ab1f-a735f6f187b6-9890437.jpg\" loading=\"lazy\" alt=\"FILE - CEO Jensen Huang talks during the keynote address of Nvidia GTC Tuesday, March 18, 2025, in San Jose, Calif. (AP Photo\/Nic Coury)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Nvidia bets on another blockbuster year, guiding for 70% growth into 2028<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922174-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922174-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/89\/320x180_cmsv2_1c09d6bf-eaec-58a0-aefb-f94dfcfeb84b-9896889.jpg\" loading=\"lazy\" alt=\"US President Donald Trump speaks in the Oval Office of the White House, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922167-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922167\" data-cid=\"9896834\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922167-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/68\/34\/320x180_cmsv2_8eaa82cb-376e-5cc9-bfe7-f2e6d2181c87-9896834.jpg\" loading=\"lazy\" alt=\"File - Gas prices are displayed at a patrol station in Munich, Germany, Sunday, 5 April 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Eurozone inflation jumps to 3.3% in August as energy prices surge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922144-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922144\" data-cid=\"9896738\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922144-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/38\/320x180_cmsv2_0a051c51-350e-52f6-a281-a1ee2761cf25-9896738.jpg\" loading=\"lazy\" alt=\"FILE - ECB President Christine Lagarde and Japan&apos;s Finance Minister Satsuki Katayama arrive for the G20 Finance Ministerial in Asheville, North Carolina, 31 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Japan&#8217;s 10-year yield hits 3% for first time since 1996 amid G20 talks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921847-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2921847\" data-cid=\"9895167\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921847-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/51\/67\/320x180_cmsv2_64c68696-f8ef-5c4c-991e-dae837dda14e-9895167.jpg\" loading=\"lazy\" alt=\"US Treasury Secretary Scott Bessent speaks during an interview with The Associated Press in Asheville, North Carolina, 30 Aug. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Iran sanctions and tariffs shadow G20 finance talks in Asheville<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921882-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2921882\" data-cid=\"9895409\" data-part-label=\"Partner content\">\n<figure id=\"abe-2921882-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/54\/09\/320x180_cmsv2_a59247a7-4f87-51ea-beeb-7a42ef1ad2eb-9895409.jpg\" loading=\"lazy\" alt=\"FILE. A woman walks with purchases past a store in Berlin, Germany, Jan. 2023\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German inflation rises to 2.9% in August, coming in below expectations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920942-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2920942\" data-cid=\"9890947\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>     Europe&#8217;s most expensive cities to buy an apartment<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921882-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2921882\" data-cid=\"9895409\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German inflation rises to 2.9% in August, coming in below expectations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921740-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2921740\" data-cid=\"9894716\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump\u2019s Venezuela oil deal: What it means for global crude markets<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921847-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2921847\" data-cid=\"9895167\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Iran sanctions and tariffs shadow G20 finance talks in Asheville<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921912-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2921912\" data-cid=\"9895535\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European gas prices spike above \u20ac70 amid renewed Middle East fighting<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Shares in fast-fashion giant Shein fell as much as 10% on their trading debut on Hong Kong&#8217;s stock market on Tuesday, before recovering some of their losses, following years of delay to the company&#8217;s plans to list publicly and regulatory setbacks in Europe and in the US.Shein&#8217;s initial public offering opened on 24 August, with the final share price set a week later on 31 August. Trading began the following day, on Tuesday.The gap reflects standard IPO process, as investors placed their orders over about a week, the banks running the deal then fixed the final price and decided who got shares, and trading opened a few business days later once the exchange gave the final go-ahead.The listing marks the end of a long search for a stock market willing to take Shein after plans to list in New York and London stalled amid scrutiny over its Chinese supply chains, forcing the company to turn to Hong Kong instead.New US and EU tariffs on low-cost parcels from China, along with rising shipping costs from the war in Iran, have contributed to Shein&#8217;s swing from a $395 million (\u20ac340mn) profit to a $99 million (\u20ac85mn) loss in the first quarter of this year.Shein raised about $1.7 billion (\u20ac1.46bn), pricing shares at HK$48.56 (\u20ac5.33) each, in one of the city&#8217;s biggest share sales this year.&#8221;Shein&#8217;s Hong Kong listing marks a new starting point,&#8221; said Leigh Gui, Shein&#8217;s chief financial officer, in a short speech at its listing ceremony.But in early trading, the shares fell to below HK$44 (\u20ac4.83) before losses narrowed.Tariffs squeeze profitsShein has built its appeal to customers on ultra-fast, affordable fashion, delivered from China to the West within days.However, the end of &#8220;de minimis&#8221; tariff exemptions in the US and the European Union has raised duties on low-value parcels from China, including Shein&#8217;s products. Higher logistics costs, driven partly by the war in Iran, have also squeezed the company&#8217;s low-price business model and profitability.Tariff costs have forced Shein to raise prices, &#8220;cutting into its main advantage,&#8221; said Jacob Cooke, CEO of WPIC Marketing + Technologies.Back to its rootsShein, pronounced &#8220;she-in,&#8221; earlier explored listing its shares in New York and London, and moved its headquarters from China to Singapore in 2021.But increasingly strict scrutiny by Beijing and by regulators in the US and Europe led it to embrace its Chinese roots and switch to a Hong Kong listing.Launched in 2012 in China, much of Shein&#8217;s operations were in the southern province of Guangdong before it moved its corporate headquarters out of the country.&#8221;Guangdong is Shein&#8217;s roots, and the starting point of our journey,&#8221; founder Sky Xu said in a speech in February.Pivoting its focus back to China also highlighted the advantages Shein derives from a supply chain system that &#8220;only exists&#8221; in Guangdong, said William Ma of GROW Investment Group, referring to its small-batch, fast-response manufacturing model.Shein has hit other roadblocks in expanding in Europe. In February, the EU launched a probe into the company with a focus on &#8220;illegal&#8221; products, including alleged child sexual abuse material.In May, Shein acquired San Francisco-based eco-friendly clothing retailer Everlane, a move some analysts said was not the best fit.Hong Kong&#8217;s IPO boostThe company&#8217;s market value was roughly $27 billion (\u20ac23.2bn) as it listed in Hong Kong, a fraction of its peak valuation a few years ago.&#8221;Shein has probably missed its golden listing window due to the shift of momentum toward AI and tariffs, which can affect valuations and profitability,&#8221; said Gary Ng, a senior economist for Asia Pacific at French bank Natixis.Still, Shein&#8217;s listing is welcome news for Hong Kong, as the Chinese territory makes increasing efforts to hold onto its role as a global financial hub following a downturn in 2023.Hong Kong&#8217;s stock exchange has had a strong year for IPOs, raising more than $40 billion (\u20ac34.4bn) so far.There is also a backlog of companies seeking to list there, said Lorraine Tan at investment research firm Morningstar.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/01\/shein-shares-fall-on-hong-kong-debut-as-parcel-duties-and-iran-costs-bite&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/65\/62\/1200x675_cmsv2_38f33db2-9fa1-5617-abe5-1f6f00222310-9896562.jpg&#8221;] No Comment South London Hindu temple prays for missing members after deadly floods in Nepal Kyrgyzstan World Nomad Games open in Bishkek before an audience of world leaders Europe News Norway&#8217;s King Haakon VIII swears oath of allegiance to constitution Kyrgyzstan Exclusive: UN&#8217;s Guterres urges world leaders to &#8216;stop madness&#8217; of wars [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2122300","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2122300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2122300"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2122300\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2122300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2122300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2122300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}