HONG KONG, Sept 29 (Reuters) – Shares of fast fashion retailer Shein dropped as much as 4.4% on Tuesday after it reported a 67% fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth.
Since its September 1 stock market debut in Hong Kong to Monday’s market close, Shein’s shares have dropped 27.3% from the offer price of HK$48.56 ($6.19). The stock was trading around HK$33.82 on Tuesday.
($1 = 7.8443 Hong Kong dollars)
(Reporting By Anne Marie Roantree; Editing by Christian Schmollinger)
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