Etiqueta: Hong Kong

Despite Warren Buffet's Berkshire Hathaway selling BYD shares, the company sold nearly a million electric and hybrid vehicles in the second quarter, a record.

The days of calling BYD a “Buffett-backed” company may soon be coming to a close.

Warren Buffett’s Berkshire Hathaway ($BRK.A) ($BRK.B) has reduced its stake in the Chinese electric vehicle (EV) maker BYD Co. Limited ($HK:1211) to below 5%. Accor...

Warren Buffett continued to reduce his holdings of BYD stock, which now stands at 4.94% of all outstanding shares.

BYD Co. shares fell the most in more than three weeks after Berkshire Hathaway Inc. sold off another block of shares in the automaker, taking its stake to under 5% from more than 20% two years ago.

Hong Kong stocks watchful amid growing expectations of support after China’s central bank on Monday unexpectedly cut both the near-term policy rate and the loan prime rate.

Hong Kong stocks meandered as investors sought clarity on Beijing’s policy support after the Third Plenum expressed confidence in meeting development and growth targets by year-end, with several ministries due to release their own interpretations which would disclose more details. The Hang Seng Index was virtually unchanged at 17,622.02 at 10.50am local time. The Hang Seng Tech Index slid 1 per cent and the Shanghai Composite Index retreated 0.4...

The billionaire investment guru has seen a 2,000% gain from the bet he made on the Chinese EV maker 15 years ago

Berkshire Hathaway cuts stake in China's BYD to below 5%