Shein shares crash to record low as profits slump amid Iran fallout | This is Money

Advertisement British Gas took £3,483 from my account for a new boiler... when I'd already paid: SALLY SORTS IT Burnham's state pension bombshell will leave millions poorer in retirement... Here's how to protect YOUR finances from the end of the triple lock Burnham's Budget gamble: Labour must get a grip on public spending if Britain is to truly prosper, says ALEX BRUMMER The jobs most at risk of AI... and how you can future-proof your career: JOE MINIHANE lost his livelihood after 25 years - this is his warning to those at risk Now you can get your High Street bank to pay you 8% on your cash savings: SYLVIA MORRIS It's actually the younger generation who'll feel most pain from the end of the triple lock: RACHEL RICKARD STRAUS Councils handed power to seize empty buy-to-lets under Labour plans: What is an EDMO and who could be stung? Brenda's water bill quadrupled overnight - even after she recycled her own shower water AI giant Anthropic warns of 'existential risks to humanity' as it targets blockbuster $2trn stock market debut Bond markets batter Burnham's Britain: UK government to pay the highest yield in 10-year debt auction since 1999 M&S teams up with makeup giant Sephora to launch across 100 stores in major beauty push Labour needs a fresh AI plan to help Britain's small businesses seize the opportunity, says Sage boss A nudge here and there, rather than heavy handed interventions to unleash growth: ALEX BRUMMER Selfridges boss calls on Burnham to restore tax-free shopping for tourists as group returns to profit Could my cohabiting partner dispute my will that leaves everything to my son and grandson? Three major lenders raise mortgage rates as experts warn sub-5% deals are disappearing fast My neighbour has built a garage 3ft from my boundary fence and intends to repair and tinker with cars: Can I stop him? DEAN DUNHAM replies Why you should think about switching your bank account when you move home Triple lock on borrowed time: How much is the state pension now - and what will happen to the guarantee for annual rises? Average homeowner's mortgage rate has doubled in five years and sits at 4% for the first time since 2009 Vape tax comes into force this week: Here's what's changing and how much costs will rise I am owed higher rate pension tax relief so why won't HMRC give me my payment? STEVE WEBB replies Savings platforms can boost your interest - but what are they exactly and should you use them? Cash Isa battle sees top rate pushed to 5.01%, should you bag a best buy while you can? Previous Next Shein shares crash to record low as profits slump amid Iran fallout By DAILY MAIL CITY & FINANCE REPORTER Updated: 22:00 BST, 29 September 2026 --> (function (src, d, tag){ var s = d.createElement(tag), prev = d.getElementsByTagName(tag)[0]; s.src = src; prev.parentNode.insertBefore(s, prev); }("https://scripts.dailymail.com/static/gunther/1.17.0/async_bundle--.js", document, "script")); --> DM.loadCSS("https://scripts.dailymail.com/static/gunther/gunther-2159/video_bundle--.css"); --> Shares in Shein crashed to a record low after profits slumped. In its first results since listing on the stock market in Hong Kong on September 1, the Chinese fast fashion company said second quarter profits were down 66 per cent on a year earlier at £173million. Shein, which is based in Singapore, blamed the fallout from the Iran war and import duties as the US and EU clamp down on cheap goods brought in from China. Shares slipped as much as 14 per cent, taking their losses since listing to nearly 40 per cent. Shein’s chairman and founder Xu Yangtian said the slump was ‘primarily driven by a sharp spike in oil prices and freight rates amid Middle East geopolitical tensions’. He warned that ‘the external environment will remain uncertain in the second half of 2026’. Susannah Streeter, chief investment strategist at Wealth Club, said: ‘Shein has taken another stumble on the global retail catwalk.’ In its first results since listing in Hong Kong on September 1, Shein said second quarter profits were down 66% on a year earlier at £173m DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Freetrade Freetrade Investing Isa now free on basic plan Learn More Learn More Trading 212 Trading 212 Free share dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you More top stories Toggle Search POPULAR MONEY SECTIONS Take me to… Best savings rates tables Find the best mortgage calculator Power Portfolio investment tracker Stock market data and share prices This is Money's podcast This is Money's newsletter The best DIY investing platforms The best bank accounts The best cash Isas The best credit cards Save on energy bills Compare broadband and TV deals How to find cheaper car insurance Investing Show videos Financial calculators Search Enter search term Search Search within All articles Share prices Sponsored guide Why you should think about switching your bank account when you move home Today's headlines Most Read British Gas took £3,483 from my account for a new boiler... when I'd already paid: SALLY SORTS IT How to protect YOUR finances from the end of the triple lock Burnham's Budget gamble: Labour must get a grip on public spending if Britain is to truly prosper, says ALEX... The jobs most at risk of AI... and how you can future-proof your career and finances: JOE MINIHANE lost his... Now you can get your High Street bank to pay you 8% on your cash savings: SYLVIA MORRIS It's actually the younger generation who'll feel most pain from the end of the triple lock: RACHEL RICKARD... Councils handed power to seize empty buy-to-lets under Labour plans: What is an EDMO and who could be stung? Brenda's water bill quadrupled overnight - even after she recycled her own shower water AI giant Anthropic warns of 'existential risks to humanity' as it targets $2trn stock market debut UK government to pay the highest yield in 10-year debt auction since 1999 M&S teams up with makeup giant Sephora to launch across 100 stores in major beauty push Labour needs a fresh AI plan to help Britain's small businesses seize the opportunity, says Sage boss STEVE... A nudge here and there, rather than heavy handed interventions to unleash growth: ALEX BRUMMER Selfridges boss calls on Burnham to restore tax-free shopping for tourists as group returns to profit Could my longtime partner who lives with me dispute my will that leaves everything to my son and grandson? MORE HEADLINES Could my longtime partner who lives with me dispute my will that leaves everything to my son and grandson? My neighbour has built himself a garage 3ft from my boundary fence and intends to repair and tinker with cars. Can I stop him? DEAN DUNHAM reveals your legal options - and evidence you must gather The jobs most at risk of AI... and how you can future-proof your career and finances: JOE MINIHANE lost his livelihood after 25 years and was left struggling to pay the bills. This is his warning to those at risk Vape tax comes into force this week: Here's what's changing and how much costs will rise UK government to pay the highest yield in 10-year debt auction since 1999 Why is diesel so expensive and could it really hit £3 a litre in the near future? Nissan reveals its new £18,000 city EV: The Pixo revives a forgotten old name but will it be a hit this time? Three major lenders raise mortgage rates as experts warn sub-5% deals are disappearing fast Councils handed power to seize empty buy-to-lets under Labour plans: What is an EDMO and who could be stung? AI giant Anthropic warns of 'existential risks to humanity' as it targets $2trn stock market debut Savings platforms can boost your interest - but what are they and should you use one? M&S teams up with makeup giant Sephora to launch across 100 stores in major beauty push Average homeowner's mortgage rate has doubled in five years and sits at 4% for first time since 2009 It's actually the younger generation who'll feel most pain from the end of the triple lock: RACHEL RICKARD STRAUS British Gas took £3,483 from my account for a new boiler... when I'd already paid: SALLY SORTS IT MOST READ IN DETAIL DON'T MISS Why you should think about switching your bank account when you move home Ad Feature Councils handed power to seize empty buy-to-lets under Labour plans: What is an EDMO and who could be stung? Equity release: Four common myths about tapping cash from your home debunked Sponsored The triple lock explained: How much the state pension is now Vape tax comes into force this week: Here's what's changing and how much costs will rise Viral makeup giant Sephora to open in 100 Marks and Spencer stores Average homeowner's mortgage rate has doubled in five years and sits at 4% for first time since 2009 Why is diesel so expensive and could it really hit £3 a litre in the near future? Could my longtime partner who lives with me dispute my will that leaves everything to my son and grandson? Savings platforms can boost your interest - but what are they and should you use one? Nissan reveals its new £18,000 city EV: The Pixo revives a forgotten old name but will it be a hit this time? Jack Russell: I swapped cricket for art and sold a painting to a Monty Python legend for thousands New Cluedo 50p: Will this coin be worth a fortune? DAN HATFIELD reveals what collectors need to know In a groundbreaking shift, from next year... women will have larger state pensions than men. So what can you do to boost yours? The man who created the Laffer Curve says the UK is taxing itself to death, says Hamish McRae Government revamps Help to Buy with a new plan aimed at first-time buyers who have no 'Bank of Mum and Dad' Investing platform reviews Interactive Investor review: How does it compare to rivals? Hargreaves Lansdown review: Is the 'Waitrose of investing' worth it? Trading 212 review: How does the low-cost provider fare? Freetrade review: Is the low-cost platform worth another look? Etoro review: How good is the popular platform for DIY investors? Prosper review: How does it compare with rivals? InvestEngine review: The low-cost ETF platform How we test and review investment platforms How to listen: This is Money Podcast Listen to This is Money on Apple Podcasts Listen to This is Money on Spotify Listen to This is Money on Amazon Music Listen and find out more on This is Money Investing Show What investors need to know about the UK stock market What investors need to know about gold and metals Blue Whale manager: Where I'm investing for growth now How to invest to grow your wealth and get the best possible retirement Seraphim Space boss on why its shares rocketed and what next House prices vs the stock market: What has been the better investment? How to track down your old work pensions and make them work harder How to invest with less hassle: Tips from Vanguard's UK boss The Investing Show channel MIDAS SHARE TIPS MIDAS SHARE TIPS: The giant stocks most in danger if the AI tech bubble suddenly bursts... and which are still worth clinging on to MIDAS SHARE TIPS: How to build long-term profits by investing in family-run firms MIDAS SHARE TIPS: Three rejuvenated stocks to put in your trench coat pocket MIDAS SHARE TIPS: Retail giants that could give YOU a Christmas bonus MIDAS SHARE TIPS: Take a bite out of these three firms floating shares on stock market MIDAS SHARE TIPS: Three stocks to help you survive a financial crash MIDAS SHARE TIPS: How to profit from the growing British businesses that will put patriotic pride in your investment portfolio MIDAS SHARE TIPS: How YOU can profit from Trump and Starmer's 'golden age' of nuclear power MIDAS SHARE TIPS: Four crash-proof stocks to survive economic disaster FUND AND TRUST IDEAS ECOFIN GLOBAL UTILITIES AND INFRASTRUCTURE: A fund to tap into surging electricity prices WS GUINNESS GLOBAL ENERGY: Rising oil price lifts returns for investors FIDELITY SPECIAL VALUES: Manager seeks to protect income flow in troubled times MURRAY INCOME TRUST: New managers stick with winning formula FORESIGHT ENVIRONMENTAL INFRASTRUCTURE: A fund built to withstand weather risks CAPITAL GEARING: An investment trust that's built to protect investors against rising inflation MURRAY INTERNATIONAL: The trust that has delivered on dividends for 21 years...and counting JUPITER UK DYNAMIC EQUITY: The fund that transforms companies... and then waits for their shares to rise BLACKROCK ENERGY AND RESOURCES INCOME: The trust primed to profit from the future of energy and mining ROCKWOOD STRATEGIC: Raking in big returns from Britain's unloved small firms Latest from Business AstraZeneca takes a £1.5bn stake in US cancer drug developer as it steps up investment in America UK business confidence at 17-month low: Bosses demand Budget 'breathing space' Burnham's Budget gamble: Labour must get a grip on public spending if Britain is to truly prosper, says ALEX BRUMMER Shein shares crash to record low as profits slump amid Iran fallout M&S teams up with makeup giant Sephora to launch across 100 stores in major beauty push AI giant Anthropic warns of 'existential risks to humanity' as it targets $2trn stock market debut Vesuvius becomes latest British firm to confirm takeover bid from foreign rival Food prices to soar for two years and energy prices forecast to jump 25% My colleague earns £20k more for a similar job, can I demand a pay rise? North Sea has lost 25,000 jobs under Labour: Industry chiefs demand windfall tax is scrapped MORE HEADLINES