BUZZ-China's Xiaomi falls to 16-month low as March EV deliveries drop
Reuters11:00
BUZZ-China's <a href="https://laohu8.com/S/XIACY">Xiaomi</a> falls to 16-month low as March EV deliveries drop
** Shares of smartphone-to-electric vehicle $(EV)$ maker Xiaomo 1810.HK fall 4.2% to HK$30.66, their lowest point since December 2024
** Stock set for the biggest one-day pct drop since March 20
** Second-biggest pct loser in the Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which slip 1% and 1.9%, respectively
** China's Xiaomi says domestic EV deliveries exceeded 20,000 units in March
** That compared with EV deliveries of more than 29,000 units in March last year
** YTD, stock down 21.6%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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