Understanding the Market | Xiaomi Corporation-W fell over 3% against the trend, with a cumulative drop of over 10% after the press conference

Xiaomi Corporation-W's stock price fell over 3% against the market trend, after a significant drop of 8% in the previous trading day. As of the time of writing, the stock price is reported at HKD 53.15, with a trading volume of HKD 12.477 billion. On September 25th, Xiaomi launched the Xiaomi 17 series smartphones and other new products, but the launch event lacked highlights and did not provide updates on new electric vehicles or chips. Although the Xiaomi 17 series set a sales record within 5 minutes of going on sale, the promotional poster attracted attention from netizens, and customer service explained that "King of Backlight" refers to the phone's photography technology