Xiaomi stock plunges 10% following Trump’s ban – Idaho Reporter

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Xiaomi stock plunges 10% following Trump’s ban

Big and bad news for all Xiaomi shareholders, both holding Xiaomi Corp (OTCMKTS: XIACF) shares listed in USA and Hong Kong listed shares. According to Reuters, The United States has sanctioned mobile phone maker Xiaomi, aircraft manufacturer Comac, and seven other Chinese companies. Americans are prohibited from investing in them, and the owners of shares must get rid of them by November 11, 2021.

On this news XIACF stock lost 10% on Thursday (at the time of writing this article) and it remains for us to see what will happen on Friday when Hong Kong listed Xiaomi shares (HKG:1810) resume trading.

4 Comments

  1. PETROS DINALIS

    Robert the Hong Kong stock exchange is open in 4 and a half hours.
    Today is Thursday it still has one more session for the week.
    You wrote its Friday on another post you made today 😉

  2. Jonathan Kopp

    Hello,

    I believe Xiaomi is a great company with great out looks for Asia & Europe if not Americas due to Apple for example.
    Is there any chance you see Biden revoking Trumps decision?

    I am not sure to hold on to the stock or to sell it as it will only go down from now or does it have chances to still succeed?

    Thank you for your help.

    A young investor who seeks advice from older & more experienced investor.

    • Robert K. Reed

      It all depends ..if this ban covers Qualcomm’s chips I would stay away from them. I do agree that Xiaomi is a great brand right now but their future depends on processors.

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