Shares of online fast-fashion retailer Shein fell more than 3% in early trading on Wednesday, a day after a weak debut on the Hong Kong stock exchange following its long-awaited initial public offering.
The stock dropped as much as 10% on Tuesday before recovering to close near its HK$48.56 issue price. Shein shares were trading at around HK$46.94 early on Wednesday, while Hong Kong's Hang Seng Index was down about 0.9%.