CL Shein rang the bell at HKEX today, a blockbuster listing by any measure, and slid more than five percent by the second day. Call it the market finding its price, or the market remembering to ask a few questions after the fact. Either way, Hong Kong got its headline. CL-- CL

MB Iran and the United States traded strikes instead of statements, because strongly worded warnings only last so long. Joshua Wong pleaded guilty in Hong Kong; a life sentence is pending. Separately, Shein opened big on the exchange before giving it all back two days later. Everyone involved says the system is working exactly as intended. Define working.-- MB