SHEIN falls on third day of Hong Kong trading ahead of joining key indices
BUZZ-SHEIN falls on third day of Hong Kong trading ahead of joining key indices ** Shares of online fast-fashion retailer SHEIN Global Holdings 0625.HK drop 5.2% to HK$43.6 in the third day of Hong Kong trading
** Stock fell more than 5% on Wednesday, a day after a lacklustre debut session following a long-awaited initial public offering
** Index compiler Hang Seng Indexes company said on Wednesday SHEIN Global meets the Fast Entry Rule of Hang Seng Composite Index and will be added to Hang Seng Composite Index .HSCI effective September 15
** SHEIN will also be added to Hang Seng Composite Industry Index Consumer Discretionary .HSCICD, Hang Seng Composite LargeCap Index .HSLI and Hang Seng Composite LargeCap & MidCap Index .HSLMI
** Since debut on September 1, SHEIN stock down 10.2% from the offer price of HK$48.56 per share
** YTD, benchmark Hang Seng Index .HSI down 0.7%
(Reporting by Donny Kwok)
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