** Shares of Chinese smartphone maker Xiaomi Corp rise as much as 6.3% to HK$28.65, on course for their biggest daily rise since March 16
** Stocks hit the highest since June 18 and biggest percentage gainer on both the benchmark Hang Seng Index and Hang Seng Tech Index
** Beijing-based Xiaomi overtook Apple Inc in the second quarter to become the world's No. 2 smartphone maker, market research firm Canalys said in a report
** Xiaomi took the second spot for the first time with 17% share of worldwide smartphone shipments, up 3% from the previous quarter, the research firm said
** The Hong Kong Hang Seng sub-index tracking information technology firms edges down 0.1%, the Hang Seng Tech Index slips 0.7%
** The Hang Seng China Enterprises Index eases 0.2% while the benchmark index gains 0.2%
** As of last close, the stock had fallen 18.8% this year