Orders in for new Xiaomi EV, and HK’s biggest 2024 IPO tanks
hi Timothy Pope here with the Shanghai I
finance update Chinese stock markets
continued to ease back Tuesday it was
the same story as yesterday Mining and
energy stocks falling consumer shares
Rising the Shanghai Composite Index
ended the session 3/4 of 1% lower
smartphone Appliance and now EV maker
xiaomi announced today that it’s already
received orders for 2/3 of the electric
vehicles it hopes to deliver this year
shiai founder lein told investors that
they had lockin orders for 70,000 su7
cars and they aim to deliver 100,000
this year that pushed xiaomi shares back
up in Hong Kong also in Hong Kong there
was no froth on the trading debut of
bubble te chain chab Bal shares in the
tea company’s parent slumped almost 40%
after a $330 million us IPO
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Chinese stock markets continued to ease back Tuesday. It was the same story as yesterday – mining and energy stocks falling; consumer shares rising.