On August 3, XIAOMI-W fell 3.27% in regular trading, trading at HKD 27.88/share, with turnover of HKD 704 million.

On the news front, Xiaomi officially raised prices across multiple flagship smartphone models on August 2, with the Mi 17 series increasing by RMB 300-500 and the Redmi K90 and Turbo 5 series by RMB 300. The core driver is a sustained surge in upstream memory chip prices. Xiaomi President Lu Weibing previously characterized the current memory price rally as exhibiting a \"super cycle\" pattern, with negative factors unlikely to dissipate in the near term, raising concerns about potential demand destruction.

Additionally, the stock continues to face selling pressure following the Pengcheng series launch event on July 30. After rallying over 7% on July 27 and nearly 9% on July 29 to HKD 31.88, the stock dropped more than 7% on July 31 as a classic \"sell the news\" reaction. The current decline extends this pattern of profit-taking on accumulated gains.

(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.)