HK-listed Black Sesame dives after co clarifies BYD collaboration

Black Sesame International Holding

10/02/2025 02:22

** Chinese intelligent vehicle solutions provider Black
Sesame International Holding  2533.HK  drop as much as 50.9% to
HK$19.04, its lowest since September 16, 2024
    ** Stock is the biggest percentage decliner on the Hong Kong
bourse and the top percentage loser on the Hang Seng Composite
Index, which tracks IT firms  .HSCIIT , up 2.1% 
    ** Shares jumped 55.5% to record high last Friday, on BYD Co
 1211.HK  reportedly using the firm's chips
    ** Black Sesame clarified on Monday that the company has
long-term collaboration with key Chinese automotive original
equipment manufacturers, including BYD Co, and there is no
material change regarding the collaboration
    ** BYD's Hong Kong-listed shares  1211.HK  slip 0.3% and
Shenzhen-listed stock  002594.SZ  eases 0.6%
    ** Hang Seng Tech Index  .HSTECH  rises 2% and Hang Seng
Index  .HSI  climbs 1.6%
    
  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))