BUZZ-Xiaomi jumps as it says it will launch smart driving insurance

Reuters
昨天
BUZZ-Xiaomi jumps as it says it will launch smart driving insurance

** Shares of Xiaomi Corp 1810.HK jump 5.8% to HK$53.5, on course for the biggest one-day pct gain since February 26

** Stock set to snap four consecutive sessions of fall; top pct gainer on Hang Seng China Enterprises Index .HSCE, which surges 2.6%

** The Chinese electronics manufacturer turned automaker said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 mln yuan (about $400,000)

** Hang Seng Tech Index .HSTECH climbs 2.9%, Hang Seng Index .HIS gains 2.3%

** Stock up 53.2% YTD

($1 = 7.2611 yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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