On September 15, SHEIN-W rose 3.24% in regular trading, trading at 37.2 HKD/share, with turnover of HKD 2.4112 million. The rebound came after the stock hit a post-IPO low of 36.68 HKD the previous session.

The formal inclusion of SHEIN-W in the Hang Seng Composite Index and its sub-indices took effect on September 15, following Hang Seng Indexes Company's confirmation that SHEIN met the fast-track inclusion criteria. Index-tracking passive funds are typically required to adjust holdings around the effective date, potentially generating buying demand. However, due to SHEIN's weighted voting rights structure, the stock remains ineligible for Stock Connect inclusion for approximately seven more months, limiting near-term access by southbound mainland investors.

The stock had fallen sharply on September 14 after Jefferies initiated coverage with an Underperform rating and a 26 HKD target price, implying roughly 35% downside from the prior close. Since listing on September 1 at an IPO price of 48.56 HKD, the stock has declined approximately 23% cumulatively.

SHEIN International Holdings Limited is an online fashion and lifestyle retailer offering apparel, footwear, accessories, beauty, home, and lifestyle products under brands including SHEIN, MOTF, and SHEGLAM, with operations in China and overseas markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)