Hong Kong stocks

Higher import duties in key markets, growing regulatory risks hampering Shein’s growth prospects

They drop to as low as HK$40.04, compared with IPO price of HK$48.56

The firm’s share sale is the largest-ever primary follow-on offering by a Hong Kong-listed company

The stock slides as much as 10% on Monday morning, its steepest drop since April 2025

The tax news sparked fears that sales of insurance policies and ​other financial products could slow

Firms have raised US$33.8 billion from new listings in Hong Kong so far this year

High-tech firms debuting in the city form a new ecosystem of stocks on top of the old guard of internet firms, says BNP Paribas

The current price action suggests that gold has arrived at a significant inflection point

The Hang Seng Index (HSI) entered the second half of 2026 showing early signs of stabilisation after an extended period of underperformance. While major US equity indices continued to reach record highs through 2025 and 2026, the HSI largely traded sideways during the second half of last year before peaking near the 28,000 level in late January 2026. Since then, the index has experienced a sustained downtrend, reflecting weaker investor sentiment towards Hong Kong and mainland Chinese equities amid slowing economic momentum and cautious corporate earnings expectations.