STOCKS | Xiaomi Falls More Than 3% As Turnover Reaches HK$1.827 Billion

Xiaomi (01810) fell more than 3% to a low of HK$26.1, below its 50-day moving average of HK$27.008, with turnover of 69.22 million shares worth HK$1.827 billion, according to ETNet. The stock was last down 3.05% at HK$26.1 and has fallen for three straight sessions, bringing the cumulative decline to 8.2%. Its RMB counter (81810) dropped 3.3% to RMB22.34, with turnover of 304,000 shares worth RMB6.8545 million. The Hang Seng Index was down 87 points, or 0.3%, at 25,229. The Hang Seng China Enterprises Index fell 47 points, or 0.6%, to 8,350, while the Hang Seng Tech Index lost 46 points, or 1% to 4,408.