Signals of Hong Kong tech stocks peaking～
Xiaomi and BYD completed their share placements in Hong Kong this month, raising $5.5 billion and $5.6 billion respectively, marking the two largest stock issuances in Hong Kong since 2021.
These two deals brought Hong Kong's total share placement volume this quarter to over $13 billion, potentially setting the highest quarterly record since Q2 2021.
$XIAOMI-W(01810.HK)$BYD COMPANY(01211.HK)
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