Xiaomi Stock Extends Slide on Nov 18: Worst‑Performing China Tech Name as Q3 Results Loom; HSBC Trims Target to HK$65.40
Xiaomi shares fell 2.8% Tuesday in Hong Kong, with a bearish block trade of 131,200 shares at HK$40.78 and turnover topping HK$4.1 billion before noon. The stock, now the worst performer on the Hang Seng Tech Index since September, faces pressure ahead of its Q3 earnings release tonight amid rising costs, margin concerns, and a 20% short-selling ratio.