STOCKS | Xiaomi Falls 2.1% As Apple Unveils Foldable iPhone Duo

Xiaomi fell 2.1% to HK$25.82 and has now declined for four straight sessions, bringing the cumulative drop to 9.2%, according to ETNet. The stock traded about 107 million shares, worth HK$2.774 billion. The move came after Apple launched its first foldable iPhone, named iPhone Duo, with the 256GB version priced at HK$17,499 in Hong Kong and the 2TB version at HK$27,999. Xiaomi had earlier unveiled its own foldable phone, the Xiaomi 18 Fold, priced from RMB 10,999, while the top-end silicon nitride ceramic edition with 16GB+1TB storage costs RMB 15,999.