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XIAOMI-W Soars 7.5% to Fresh High; CN Handset Sales Reportedly Leap 3-5x on Subsidy Policy Launched on Mon
Handset and equipment stocks stretched their gains after midday (24th). XIAOMI-W (01810.HK) hit a fresh high of $37.1 with a surge of 7.5%. ZTE (00763.HK) leaped 8.5%. SUNNY OPTICA...
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XIAOMI-W Soars 7.5% to Fresh High; CN Handset Sales Reportedly Leap 3-5x on Subsidy Policy Launched on Mon
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Handset and equipment stocks stretched their gains after midday (24th). XIAOMI-W (01810.HK)  -0.850 (-1.828%)    Short selling $1.88B; Ratio 6.687%   hit a fresh high of $37.1 with a surge of 7.5%. ZTE (00763.HK)  +0.260 (+1.100%)    Short selling $65.06M; Ratio 14.301%   leaped 8.5%. SUNNY OPTICAL (02382.HK)  +1.400 (+1.930%)    Short selling $207.28M; Ratio 20.448%   shot up 7.9% to $72.95. Q TECH (01478.HK)  +0.150 (+2.005%)    Short selling $2.95M; Ratio 6.971%   spiked 13.3%. BYD ELECTRONIC (00285.HK)  +0.400 (+1.004%)    Short selling $115.74M; Ratio 15.908%   rallied 4.5%.

Since January 20, 2025, the new subsidy policy for purchasing mobile phones, tablets, and smartwatches (bands) has been gradually implemented across China, CNR.com reported. Several brand store managers revealed that since the subsidy policy for digital products like phones began on Monday (20th), in-store phone sales have increased 3-5 times compared to usual.

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The report also mentioned that starting from the 20th, when logging into online e-commerce platforms like Tmall and JD-SW (09618.HK)  -1.200 (-0.744%)    Short selling $148.56M; Ratio 13.574%   , consumers will be presented with a dedicated government subsidy section that allows them to enjoy the support of the subsidy policy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-01 16:25.)

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