Shin’s UK sales by jumping 32% in 2024, get profit on Hong Kong IPO horizon
According to a filing released on Friday, Sheen’s UK Arm sold £ 2.05 billion ($ 2.77 billion) in sales in 2024, from 2023 to 32.3%.
The pre-tax profit of the online fast-fashion retailer rose from £ 24.43 million to £ 38.25 million in 2023.
The company highlighted several milestones during the year, including the inauguration of new offices in Kings Cross and Manchester, a pop-up shop in Liverpool and a Christmas bus tour in 12 UK cities.
Shin flagged off risks such as delay in potential supply chain, ups and downs in currency, high costs, IT system outage, and transfer of UK rules.
Read more here.
-Le Ying Shan
China’s growth stumbled as retail sales in July, industrial production miss forecast
In July, China’s economy lost pace, with an increase in the board, as weak domestic demand continued and Beijing intensified efforts to curb additional capacity.
Retail sales rose 3.7% a year ago last month, the National Bureau of Statistics figures showed on Friday, a rapidly missing analysts estimate for an increase of 4.6% in a Reuters pole and slowed down by 4.8% increase in June.
According to LSEG data, its weakest level from November last year, and weaker than the expectations of analysts for an increase of 5.9%.
Fixed-asset investment in July expanded 1.6% for the year-by-year, forecasts for an increase of 2.7% of economists and slower by 2.8% in the first six months. Within that segment, the contraction in property investment deteriorated, decreased by 12% in the first seven months, shown by government data.
Read more here.
– Anic Bao
Japan’s economy expands more than expected in the second quarter despite the American tariff headwind
Japan’s economy expanded 0.3% in the second quarter of 2025 compared to the first three months of the year, as the country was struggling with unstable tariff policy outside the United States.
This was compared to the revised 0.1% increase seen in the first quarter, and was higher than an increase of 0.1% expected by economists voted by Reuters.
On the basis of year-on-year, Japan’s GDP expanded 1.2% in the second quarter, which decreased by 1.8% increase in the first quarter.
GDP reading comes when Japan struggled to face an uncertain trade environment in the second quarter, the country only reached a trade deal with the US on 23 July.
The deal faces 15% blanket tariffs on all exports to the US including Automobile to Japan.
Read the full story here.
-Limited
Australia, Japan market open more
Asia-Pacific Markets open on Friday.
Japan’s Nikkei 225 benchmarks increased by 0.67%, while the broad topics index added 0.99%, 8:08 pm as Singapore time (8:08 pm ET Thursday).
In Australia, S&P/ASX 200 benchmark climbed 0.12%.
South Korea’s markets were closed for holidays.
– Lee Ying Shan
Here are the initial calls for the day
Happy Friday from Singapore. Asia markets are determined for mixed open.
Australia’s S&P/ASX 200 was scheduled to begin at the beginning of the day with futures tied to benchmark at 8,838, while the last close close to the index than the last close of 8.873.8.
Nikkei 225 of Japan was set for higher opening, futures in Chicago at 42,795, while its counterpart in Osaka last traded at 42,770, against the last close close to 42,649.26 of the index.
The futures for Hong Kong’s Hang Seng index were at 25,316, indicating a weakened open than the last close of HSI’s last close to 25,519.32.
The South Korean markets were closed for a holiday.
– Lee Ying Shan
S&P 500 Notches Third record is closed in a line
S&P 500 On Thursday, to shut down its third record in a row, it stood more on Thursday.
Benchmark closed 0.03%, closed at 6,468.54. Nasdac Composite 0.01%slipped, ended at 21,710.67. Dow jones industrial average The shed settled at 11.01 points, or 0.02%, and 44,911.26.
– Lisa Calie Han
Economist Mark Sumerlin confirmed that he was running for a fed chair
In a Thursday interview with CNBC, economist Mark Sumerlin confirmed that he was running as the next Federal Reserve Chair.
“I received a call last Wednesday stating that a list is going to happen [and] I was going on it. This is as much as I now know, “He said.” I am waiting for more guidance on where I go from here. ,
Sumrlin also voiced his support to cut a large interest rate. The then President George W. Former senior economist under Bush said that the 50-base-point rate cut “is not much for me.”
A base point is equal to 0.01%, so the 50 base-point cut will be half a percentage points.
– Jeff Cox, Lisa Callie Han
Investors should further consider hedging against market volatility, says UBS
According to the UBS, equity may be further upside down from here, but investors should still take care of high instability.
The bank told the customers in Wednesday notes, while the VIX index of inherent stock instability has fallen to the lowest level since December last year, if the trade tension increases significantly, the market may increase rapidly, economic data weakens faster than expected, or if the geopolitical risk deteriorates, “the bank noted customers on Wednesday. “Investors who have already been allocated for equity to their strategic benchmarks should consider structured strategies with capital protection features, while those should be prepared to consider a disciplined approach to add exposure to potential market dips or to phase shares.”
The UBS stated that a “well diverse portfolio” is suited to help investors to protect against volatility, while also established for future benefits.
– Lisa Calie Han
