--- title: "Hong Kong stock movement: XIAOMI-W rises 10.13%, driven by new car launch and HKD 10 billion buyback" type: "News" locale: "en" url: "https://longbridge.com/en/news/292023847.md" description: "XIAOMI-W rose 10.13%; Lenovo Group rose 7.47%, with a transaction volume of HKD 3.432 billion; Huaqin Technology rose 13.03%, with a transaction volume of HKD 303 million; Legend Holdings rose 6.90%, with a transaction volume of HKD 144 million; Smartmore Technology-W rose 1.16%, with a market value of HKD 28 billion" datetime: "2026-07-08T06:46:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292023847.md) - [en](https://longbridge.com/en/news/292023847.md) - [zh-HK](https://longbridge.com/zh-HK/news/292023847.md) --- # Hong Kong stock movement: XIAOMI-W rises 10.13%, driven by new car launch and HKD 10 billion buyback **Hong Kong Stock Movement** Xiaomi Group-W rose by 10.13%. Based on recent key news: 1. On July 8, Xiaomi Group announced the launch of a new car series "SkyNomad," which focuses on a new brand tone of space and lifestyle, attracting market attention and driving up the stock price. 2. On July 8, the Xiaomi Charity Foundation donated 10 million yuan to urgently assist disaster relief in Guangxi and other areas, demonstrating corporate social responsibility, enhancing brand image, and promoting stock price increase. 3. On July 6, Xiaomi Group was one of the top three companies in the Hong Kong stock market in terms of repurchase amount, with a total repurchase amount exceeding HKD 10 billion, showing the company's confidence in its own stock price and driving up the stock price. The Hong Kong stock market is active in repurchases, with the consumer sector performing prominently. **Stocks with High Trading Volume in the Industry** Lenovo Group rose by 7.47%. Based on recent key news: 1. On July 8, Lenovo Group announced its medium- to long-term financial goals during an investor day event, planning to achieve annual revenue of USD 10 billion and a net profit margin exceeding 3% within two years. This news boosted market confidence and drove up the stock price. Source: Zhitong Finance 2. On July 7, Lenovo Group reached a cooperation consensus with the Wuhan municipal government, planning to increase investment in Wuhan to promote the research and manufacturing of smart terminals. This cooperation is expected to enhance the company's competitiveness in the Chinese market and further boost the stock price. Source: Guandian Network 3. On July 6, Lenovo Group announced that its AI server orders exceeded USD 21 billion and plans to address cost challenges brought by rising storage prices through global layout. This news demonstrates the company's strong growth potential in the AI field, attracting investor attention. Source: Caijing Tianxia AI server demand is strong, and the industry outlook is optimistic. Huaqin Technology rose by 13.03%. Based on recent key news: 1. On June 26, JP Morgan increased its holdings in Huaqin Technology by 348,300 shares, raising its ownership ratio to 15.36%. This move shows confidence in the company's future development, driving up the stock price. 2. Recently, Toyota Tsusho Huaqin Automotive Electronics Co., Ltd. was established, with Huaqin Technology participating in the shareholding. The establishment of the new company expands Huaqin Technology's business scope and enhances market expectations for its growth potential. 3. On June 25, JP Morgan had previously reduced its holdings in Huaqin Technology by 61,300 shares, lowering its ownership ratio to 14.99%. Nevertheless, the subsequent increase in holdings indicates a positive market attitude towards the company's prospects. The Hong Kong stock market has been volatile recently, and investors should exercise caution. Legend Holdings rose by 6.90%. Based on recent key news: 1. On July 6, Legend Holdings announced its important role in the Academic-Industry-Research Innovation Ecological Work Committee of the Chinese Information Society, promoting the application of innovative technologies in the Chinese information field. This move is seen as a strategic layout for the company in the field of technological innovation, boosting market confidence and driving up the stock price. Source: Zhitong Finance 2. On July 7th, Legend Holdings showcased its investment layout in the embodied intelligence industry chain at the "Silicon-Based Evolution" salon, emphasizing the importance of full industry chain collaboration. This move demonstrates the company's deep involvement in the fields of artificial intelligence and robotics, enhancing investors' expectations for its future growth. Source: Wall Street Watch 3. On July 6th, Legend Holdings Chairman Ning Min stated that the company will continue to promote the industrialization of technological achievements, particularly in the application of artificial intelligence. This statement further strengthened the market's confidence in the company's position in the high-tech sector, driving up its stock price. Source: Jinshi Data Technology Innovation Drives Stock Price Up, Market Confidence Strengthened. **Stocks Ranked Among the Top by Market Capitalization in the Industry** Sunmi Technology-W, up 1.16%, with a market capitalization of HKD 28 billion, has no significant news recently. Trading is active, with clear capital flow. 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