Xiaomi shares rise like foam due to speculation

Again, the stock market shows what pasta it is made of and how investors play with speculation. Xiaomi's shares have risen suddenly and without warning due to information that has started to spread like wildfire.

Various information has reached the stock market with the speculation of increasing the value of the company after mentioning that Xiaomi would be looking to launch its first electric vehicle on the market.

According to these information, the project of the first Xiaomi vehicle would be led by Lei Jun, CEO and Co-founder of the company, being responsible for the birth of this first vehicle of the Mi brand.

Shares rose 11% in recent trading. At closing, Xiaomi's Hong Kong stock was trading at HK $ 30.65, an increase of 6.424%.

Speculation makes Xiaomi shares skyrocket

At the moment Xiaomi has not mentioned anything other than the words of: «Wait and see. No further information on this matter will be responded to. '

Previously Xiaomi had already been involved in a similar situation, in which the company denied the arrival of an electric vehicle under the Mi brand or any subsidiary that the company collects.

We will have to be patient and see if Xiaomi is really plotting the exit within its native country of an electric vehicle or if on the contrary it has been a hoax to speculate with the actions of the company itself.

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