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XIAOMI-W Tumbles 7%+ after Peaking, w/ Spiking Selling Orders at Peak
Recommend 31 Positive 51 Negative 27 |
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XIAOMI-W (01810.HK), one of this year’s standout performers, opened 0.53% higher this morning (27th) and saw gains widen, peaking at a new high of HK$58.7. However, selling pressure emerged at the high level, pushing the stock into decline before midday. The slump deepened further, with the stock now trading at HK$52.2, down 7.28%, on a volume of 565 million shares and a turnover of HK$30.816 billion. Xiaomi is set to hold a launch event at 7 p.m. tonight, unveiling the Xiaomi 15 Ultra and Xiaomi SU7 Ultra, which are touted as the most advanced products in the company’s 15-year history. The official Xiaomi Mobile Weibo account disclosed that the Xiaomi 15 Ultra features a 6,000mAh "most powerful Jinsha River battery" with a 10% ultra-high silicon content design, supporting 90W wired and 80W wireless fast charging via Xiaomi’s HyperOS technology. The phone boasts a Day-of-Use (DOU) of up to 1.46 days. Xiaomi Automobile made an official foray into Tmall today, with its official flagship store opened, launching simultaneously with the Xiaomi SU7 Ultra. Xiaomi founder Lei Jun stated on Weibo yesterday (26th) that he is 90% confident of achieving the full-year sales target of 10,000 units for the Xiaomi SU7 Ultra. AAStocks Financial News |
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