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Xiaomi Tumbled After Excluded From Stock Connect Scheme by Chinese Exchanges

Last updated on September 2, 2018

Chinese smartphone maker Xiaomi’s shares tumbled in Hong Kong on Monday, reversing four consecutive days of advances, as the company finds itself caught in the middle of a turf battle between the city’s bourse with mainland equity exchanges as Asia’s hub for technology companies to raise funds.

The Shanghai and Shenzhen exchanges caught investors and exchange officials off guard at the weekend when they said they would not allow mainland investors to buy shares in Hong Kong . . .

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