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23/09/2026 13:28

Xiaomi falls over 3% ahead of new product launch, reports say Chinese corporate executives will not join US visit delegation

Economic Information Daily (23rd exclusive) Xiaomi (01810) is currently down 3.3%, trading at HK$26.3. At current prices, the stock has declined for two consecutive days, with a cumulative drop of 4.6%. The stock has traded around 66.78 million shares, amounting to HK$1.788 billion.

Xiaomi will hold its autumn new product launch event tonight at 7 PM. The new Xiaomi 18 Pro series will officially debut at the event. This series features dual-size imaging technology flagship devices, launching with the new Xiaomi HyperOS 4, and equipped with a new customizable back display, further enhancing practicality and smart experience. Multiple other tech products will also be unveiled at the same event.

Additionally, Chinese President Xi Jinping has been invited by U.S. President Trump for a state visit to the United States from Wednesday to Friday this week (23rd to 25th). Foreign media citing sources reported that President Xi's trip to the U.S. this time will not include a business delegation composed of corporate CEOs.

Earlier reports suggested that top executives from well-known Chinese companies such as BYD (01211), Xiaomi (01810), Zhongji Xuchuang (03308), Bank of China (03988), and CATL (03750) might accompany President Xi Jinping on his visit to the U.S. this week.

Currently, the Hang Seng Index stands at 24,892, down 195 points or 0.8%, with main board turnover nearing HK$105 billion. The Hang Seng China Enterprises Index is at 8,302, down 60 points or 0.7%. The Hang Seng Tech Index is at 4,391, down 47 points or 1.1%. The current-month futures are at 24,899, down 156 points, with a premium of 6 points. The current-month H-share futures are at 8,305, down 49 points, with a premium of 3 points. The current-month tech index futures are at 4,393, down 36 points, with a premium of 10 points.
 
Performance of related stocks in the same sector
Stock (Code)Current Price (HK$)Change (%)
Xiaomi (01810)26.3Down 3.31%
BYD (01211)80.7Down 0.8%
Zhongji Xuchuang (03308)1192Down 2.21%
Bank of China (03988)6.02No change
CATL (03750)505Down 0.39%
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