The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid escalating challenges in global technology supply chains, Xiaomi's stock is facing a severe sell-off that has erased months of gains. According to reports, the share price dropped from its peak of H$61.55 to H$22.62, marking its lowest level since September 2024. This decline has caused the company's market capitalization to shrink from H$1.53 trillion ($192 billion) to approximately $74 billion, driven by surging production costs due to rising memory chip prices and a broader retreat from electric vehicle (EV) related equities.
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Sign InThis downturn comes as the Chinese tech sector grapples with fierce competition and margin pressure; market reports indicate that rising component prices have weighed heavily on smartphone profitability, a trend also observed in peers, though companies like Apple maintain higher supply chain resilience. Per market data, the slump reflects investor anxiety regarding the sustainability of growth in the EV sector, where Xiaomi has invested heavily, coinciding with a global cooling of demand for electric mobility.
Looking at recent price action, 1810.HK settled at H$22.82 (close June 23, 2026), after hitting an intra-day low of H$22.74 according to market data. Traders are closely watching current support levels to prevent further technical breakdown, while the upcoming economic calendar remains light on direct catalysts for the stock, with regional focus shifting toward broader Asian trade balance data for sentiment cues.