Xiaomi is trading at $16.54, up 9.54%, after SkyNomad SUVs drew more than 70,000 non-refundable orders in their first month.
- Bloomberg linked the order news to Xiaomi’s biggest share jump since July; shares rose as much as 9.2% in Hong Kong.
- Xiaomi Auto delivered more than 10,000 SkyNomad vehicles in September, helping total monthly deliveries exceed 40,000.
- The move is supported by company-specific demand news rather than the weaker technology-sector backdrop.