Hong Kong Stock Exchange

Shein Global Holdings is looking to raise as much as $1.8 billion in its Hong Kong initial public offering, as it enters the final leg of its long-winded journey to go public, as per a Bloomberg report.

Edelweiss Greater China Equity Offshore Fund has delivered slightly higher average returns and marginally better risk-adjusted performance, while the Axis Greater China Equity FoF has experienced lower volatility and has a higher Sortino ratio.

Global markets are subdued as major exchanges remain closed for Boxing Day, resulting in thin trading activity. While some Asian markets continue to trade and post gains, European markets are largely closed, leading to muted liquidity and reduced participation across regions.

Even as the Sensex jumped up to 1% today, September 4, on the back of GST rate cut announcement, in the last year, the 30-pack index has lost 2%. At the same time, other world markets have surged up to 95%. Among almost 20 stock markets globally, India ranks at the bottom of the barrel.

Indian stock market losing its appeal to foreign investors as they shift to cheaper markets like Taiwan and South Korea, according to a Nomura report. Allocations to India have decreased while those to Hong Kong/China and Korea have increased, reflecting a significant change in investor sentiment.

Pop Mart shares surged nearly 200% in 2025, driven by strong demand for Labubu dolls. The company's net income rose 188% to 3.1 billion yuan in 2024, with sales exceeding analyst estimates. Analysts caution that a breach below 245 yuan may lead to a market correction.

The Hang Seng Index surged 3.34 percent, or 762.94 points, to 23,630.68.