Understanding the Market | Xiaomi Corporation-W is currently down over 4%. Nomura states that the market has high expectations for the automotive business, while Credit Suisse indicates that the mobile phone business may drag down second-quarter performance
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Xiaomi Corporation-W's stock price fell over 4%, closing at HKD 51.6, with a trading volume of HKD 7.465 billion. Despite delivering over 30,000 vehicles in July, the market has high expectations for its automotive business. Nomura raised the target price by 79% to HKD 61, but downgraded the rating to "Neutral." Jefferies pointed out that weak smartphone demand in the second quarter may impact performance
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