Xiaomi is trading at HK$28.88, up 4.03%, after continued positive investor response to its second-quarter results and management’s reassurance that memory-cost increases should moderate in the second half.
- It reported strong EV deliveries, higher smartphone average selling prices, and robust internet-services margins.
- Hong Kong’s broader market opened higher, but the company-specific earnings response appears to be the primary catalyst.
- Trading activity was elevated, with approximately 40.12 million shares reported by 9:59 a.m. Hong Kong time.