Fast-fashion giant Shein has reportedly received approval from the Hong Kong stock exchange's listing committee for its initial public offering, a key milestone after previous attempts to list in New York and London stalled.
Some investors are trimming exposure to semiconductor stocks, anticipating that the massive capital expenditure growth from tech giants will decelerate. The move signals a potential shift in market leadership from AI infrastructure builders to the hyperscalers and software companies deploying the technology.
Swedish packaging firm Billerud reported a 4% year-over-year decline in second-quarter sales to SEK 9.83 billion, citing lower prices in Europe. The results were partially offset by an 11% sales increase in its North American business.
The Swedish automaker's operating profit for the April-to-June period was 800 million Swedish crowns, a significant decline from the 1.6 billion crowns reported in the first quarter.
The Swiss industrial group reported a 5.9% drop in H1 2026 net sales to CHF 180.5 million, citing weakness in its Automation and Machining divisions, though it maintained its full-year guidance.
Malaysia's economy expanded by 5.8% in the second quarter, outpacing analyst expectations and accelerating from the previous period, driven by robust growth in exports and the services sector.
Swedbank's second-quarter net profit fell 9% due to significant one-off restructuring charges, though the Swedish lender's underlying revenue from fees and trading surpassed analyst expectations.
Swedish defense firm Saab reported second-quarter operating earnings that beat analyst expectations, driven by a sharp increase in sales and order bookings amid heightened military spending across Europe.
Viaplay Group returned to profitability in the second quarter, reporting net sales of SEK 5.51 billion, and announced the sale of its Dutch business for EUR 142 million as part of a strategic refocus.
