Shares of BYD Co. slid in Hong Kong on Monday as a report stating that Warren Buffett ’s investment firm has sold all its stake in the Chinese electric-vehicle maker soured investor sentiment.
The stock fell as much as 3.6%, the most in three weeks, to be among the worst performers on a gauge of Chinese shares listed in Hong Kong. Berkshire Hathaway Inc. has exited its entire holding in BYD, according to a CNBC report on Sunday that also cited a spokesperson for the US firm confirming the development.
BYD’s Stock Falls After Report Buffett Has Sold All His Stake
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