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Stock connect scheme slumps Xiaomi Corp shares up to 10 pct

Shares of Xiaomi fell as much as 10 percent to 4HK$19.0, a week after it made a lacklustre debut on the Hong Kong stock exchange. 


Reuters China
Updated: 16-07-2018 07:22 IST
Stock connect scheme slumps Xiaomi Corp shares up to 10 pct

Shares of Xiaomi fell as much as 10 percent to 4HK$19.0, a week after it made a lacklustre debut on the Hong Kong stock exchange. (Image Credit: Twitter)

Shares of Chinese smartphone maker Xiaomi Corp slumped as much as 10 percent on Monday after China's stock exchanges effectively ruled it out of inclusion in a stock connect scheme that links the mainland and Hong Kong exchanges.

China's stock exchanges said on Saturday they would not expand their stock connect scheme with Hong Kong to foreign firms, companies with different voting right structures and so-called "stapled" securities.

Shares of Xiaomi fell as much as 10 percent to 4HK$19.0, a week after it made a lacklustre debut on the Hong Kong stock exchange.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : China

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