Additional fundraising by Xiaomi, a large cap stock, is affecting market sentiment, leading to declines, an analyst says. Photo: Shutterstock
Hong Kong and China stocks slip after Xiaomi’s US$4 billion fundraising dents sentiment
- Hang Seng Index and Shanghai Composite both slipped 0.1 per cent on Wednesday
- Xiaomi recorded its biggest plunge in three weeks, declined 7.1 per cent
Additional fundraising by Xiaomi, a large cap stock, is affecting market sentiment, leading to declines, an analyst says. Photo: Shutterstock
