BYD’s shares sharply lower after China EV maker’s earnings miss

BYD’s shares were sharply lower after the Chinese electric-vehicle maker reported weaker than expected earnings as well as a narrower profit margin.

Its Hong Kong-listed shares HK:1211 fell 5.6% to 108.00 Hong Kong dollars early Monday, equivalent to $13.85, in early trade Monday, even while the benchmark Hang Seng Index HK:HSI rose 2.0%. BYD’s Shenzhen-listed shares were down 4.0% CN:002594.