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This morning, the stock price of Xiaomi Group in the Hong Kong stock market continued to decline, reaching a low of HK$38.22 during the session. As of the time of writing, the stock price has fallen by over 3%, dropping below HK$40. This trend continues the downward trajectory that Xiaomi has experienced in the second half of the year. Since reaching a yearly high of HK$61.45 on June 27, Xiaomi's stock price has accumulated a decline of over 30%, resulting in a significant shrinkage of its market capitalization. Notably, this weakening in stock price occurred the day after the release of its third-quarter financial report. Despite the strong performance of the core data in the financial report, it failed to change the market's selling sentiment.
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