** Shares of Chinese smartphone-to-electric vehicle maker Xiaomi Corp 1810.HK fall 4.1% to HK$44.6, their lowest point since February 17
** Stock on course for a fifth consecutive session of decline, and is third-biggest pct loser in the Hang Seng Tech Index .HSTECH, which is up 0.3%
** The founder of Xiaomi said on Tuesday he was "heavy-hearted" after three people were killed in an accident involving one of the company's SU7s, and said it would fully cooperate with a police investigation
** Earlier on Tuesday, a disclosure from the company said that initial information showed the car was in the Navigate on Autopilot intelligent-assisted driving mode before the accident and was moving at 116 kph (72 mph)
** "The recent SU7 vehicle accident is likely to negatively impact stock performance and future orders," Zephirin Group wrote in a research note, adding potential headwinds are anticipated for future pre-orders as regulatory scrutiny intensifies around Xiaomi's Navigate-on-Autopilot system
** Hang Seng Automobile Index .HSAMI climbs 1%, while Hang Seng Index .HSI slips 0.1%
** Xiaomi stock up 33.6%, YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.