Shares of Li & Fung tumbled following the company’s announcement of a profit warning. The Hong Kong-based supply chain manager attributed the expected decline in earnings to a combination of factors, including a difficult global retail environment and rising operating expenses.

The profit warning signaled to investors that Li & Fung’s financial performance for the current period would likely fall short of previous expectations. This announcement triggered a wave of selling pressure, resulting in a notable decrease in the company’s stock value.

Analysts are closely monitoring Li & Fung’s response to these challenges, as the company navigates a rapidly evolving retail landscape. The focus is on strategies to mitigate the impact of market headwinds and improve profitability.