WHAT HAPPENED
Shares of fast-fashion company Shein fell as much as 10% in Hong Kong, dropping to as low as HK$36. The stock decline extended losses that first surfaced during the company’s turbulent debut on the exchange earlier this month. Shein Shares Plunge Following International Contact Lens Recall The recall centers on the Syliuwa Zero-Powered Contact Lenses, which are white lenses marketed for cosplay and makeup use. According to1News, these items were sold on Shein’s New Zealand website from August 7, 2024, to August 19, 2026, under product code sb2408056243278800. Bacterial Contamination Sparks Regulatory Action The recall was triggered after testing revealed contamination in the product packaging.
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