BYD Hong Kong shares climb on October sales growth

By Reuters News

** Hong Kong shares of BYD climb 2.4% to HK$69.90, on track for the biggest one-day gain since October 23

** Stock snaps two straight falling sessions, outpacing a 0.5% gain in the benchmark Hang Seng Index .HSI

** Fifth biggest pct gainer in Hang Seng TECH Index .HSTECH, which gains 0.9%

** Shenzhen-listed stock 002594.SZ up 0.2% to 81.78 yuan

** The Chinese EV maker posts sixth straight month of sales growth in October, relying on overseas markets to counter sluggish demand and intense price competition at home

** Vehicle sales up 11% y/y to 490,168 units in October, cooling from a 17% gain in September, while overseas shipments rose 102.8% on the year to 170,194 units

** YTD, Hong Kong stock down 27.4%, Shenzhen-listed shares down 16.3%

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk