On July 31, XIAOMI-W fell 7.54% in regular trading, trading at HK$28.12/share, with turnover of HK$1.387 billion. The decline was driven by concentrated profit-taking following the conclusion of the Xiaomi Pengcheng series technology launch event held on July 30.

The stock had rallied sharply in the lead-up to the event, surging over 7% on July 27 and nearly 9% on July 29 to reach HK$31.88, accumulating significant short-term gains. With the launch event now concluded — having revealed technical details on the Kunlun vehicle architecture, range-extended powertrain, and cabin space without disclosing pricing — the classic buy-the-rumor-sell-the-news dynamic played out. Additionally, put options with a HK$30 strike price had already moved into the money during the July 29 session when option volume reached 76,000 contracts, with 3,600 contracts traded on that specific put alone, signaling that some institutional capital had positioned for a near-term pullback.

Xiaomi is an investment holding company engaged in smartphones, IoT and lifestyle products, and smart electric vehicles, with cumulative deliveries of its SU7 and YU7 models exceeding 700,000 units.

(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.)