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Shares in China's Xiaomi fall on Hong Kong debut

MONDAY, JULY 09, 2018
Shares in China's Xiaomi fall on Hong Kong debut
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Chinese smartphone giant Xiaomi kicked off its trading debut in Hong Kong Monday, a long-awaited IPO overshadowed by the start of a US-China trade war and bearish investor sentiment.

Shares opened at HK$16.60 in Hong Kong, down from their opening price of HK$17.00.

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