Xiaomi will be excluded from the list of Chinese companies that American individual investors and legal entities may not invest in. This news made the shares of the company grow by 6.1%.
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Huawei and Xiaomi shares are going in the opposite directions. American companies cooperating with Huawei get their lives made tougher by the US government, while Xiaomi has got access to American investments again.
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The US dropped Xiaomi’s stocks by 10%. The corporation got on the blacklist of companies that, according to the US government, belong to or work with the Chinese military.