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Nikkei Markets

No end in sight to Xiaomi's woes as outlook dims

Slowing smartphone market, Chinese economy seen as challenges

The stock of Xiaomi has lost more than 13% since January 4, the worst week in its short history.   © Reuters

HONG KONG (Nikkei Markets) -- Xiaomi investors hoping for a respite from the negative turn of events that has erased some 40% of the stock's value may be in for a long wait.

Weakening demand for smartphones could weigh on the Chinese company's earnings in the near term even if the selling pressure from existing shareholders subsides, analysts say.

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