XIAOMI(US:XIACY) Zheng Quan Shi Bao·2025-09-26 15:21Market Overview - Chinese concept stocks experienced a significant adjustment, with the Nasdaq China Golden Dragon Index dropping over 2% [2][4] - The three major US stock indices opened higher but showed mixed performance, with the Dow Jones Industrial Average up 0.36%, while the Nasdaq and S&P 500 indices fell by 0.27% and 0.13%, respectively [1][2] Individual Stock Performance - Kinsan Cloud saw a decline of over 11%, while Zhengye Bio and Daqo New Energy fell by over 8% [4][5] - Notable declines also included WeRide, GDS, NIO, Bilibili, and others, all experiencing drops exceeding 4% [4][5] - Among leading Chinese tech stocks, Xiaomi Group ADR fell over 7%, Baidu Group over 3%, and Alibaba, NetEase, and JD Group all dropped over 2% [6] Xiaomi Group Developments - Xiaomi Group's stock dropped over 8% following the announcement of new products, including the Xiaomi 17 series and other home appliances [7] - Analysts noted that the stock's decline was primarily due to short-term profit-taking after a strong pre-event performance [7] - Morgan Stanley maintained an "overweight" rating on Xiaomi Group, projecting that the sales performance of the Xiaomi 17 series could exceed expectations, potentially accelerating market share growth in the high-end smartphone segment [7] XPeng Motors Expansion - XPeng Motors saw a rise in stock price, gaining over 4% as it announced its entry into five new European markets [8] - The company has been expanding its global presence since 2021, now covering over 46 countries and regions [8] - XPeng's international and Hong Kong-Macau-Taiwan market deliveries exceeded 24,702 units from January to August 2025, marking a year-on-year growth of over 137% [9]