On September 7, XIAOMI-W declined 3.16% in regular trading, trading at 27.66 HKD/share, with turnover of HKD 556 million. The pullback came on the day of Xiaomi's Autumn Flagship Launch Event, where the Pengcheng N70 Pro, N70 Max, N90 Max, and Xiaomi 18 Fold were officially unveiled, triggering a classic sell-the-news reaction after a dense cluster of positive catalysts had been released in preceding sessions.

In the days leading up to the event, Xiaomi had announced its auto business would enter Europe in 2027 after signing MOUs with eight leading German dealership groups at IFA 2026, unveiled its proprietary Dragon Armor battery technology, debuted the Xiaomi 18 Fold globally, and reported cumulative auto deliveries surpassing 800,000 units. These developments had already lifted the stock over 3% on September 4. With the launch event now materialized, funds moved to lock in gains.

Additionally, Jefferies recently upgraded XIAOMI-W to Hold but set a target price of only HKD 25.54, notably below the current trading level, suggesting limited near-term valuation upside from an institutional perspective. Meanwhile, BlackRock was reported to have increased its stake to 5.01%, and the company continued its ongoing share buyback program.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)