Monday 13 October 2025
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wn.com - 11 hours ago

Xiaomi shares slump to five-month low after fatal EV crash raises safety fears

Shares of Xiaomi Corp dropped as much as 8.7% to HK$47.5 on Monday, hitting their lowest level since April 30, after reports of a fatal crash involving one of its electric vehicles in China. The decline marked the steepest single-day drop since April before the stock pared some losses. Xiaomi was also the biggest percentage loser on both the benchmark Hang Seng Index, which fell 2.7%, and the Hang Seng Tech Index, which slid 3.5%. The sell-off came after images and videos circulated on...


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