Shares Of Chinese Ev Maker Byd Fall After Warren Buffett Cut Shares
The group reduced its stake slightly from 20.04% to 19.92%, according to a Hong Kong stock exchange filing. Berkshire sold 1.33 million BYD shares for about $47 million – the group now owns 218.7 million shares, the filing showed. “This is a common trend for investors starting to take cash out of the market,” Yang Liu, president and chief investment officer of Atlantis Investment, told CNBC’s “Street Signs Asia” on Wednesday....