BYD Hong Kong shares jump most in 17 months on sales growth, rivals rise
BUZZ-BYD Hong Kong shares jump most in 17 months on sales growth, rivals rise ** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd 1211.HK jump 8.4% to HK$78.50, on track for the biggest one-day pct gain since February 2025
** Stock hit the highest level since June 22; top pct gainer in Hang Seng TECH Index .HSTECH, which climbs 1.9%
** Shenzhen-listed stock 002594.SZ rises 6.2% to 85.67 yuan, highest point since June 23
** BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market, with total sales up 5.5% y/y following a 0.3% increase in May
** Rivals also rise with Xpeng 9868.HK, Li Auto 2015.HK, Leapmotor 9863.HK and Xiaomi 1810.HK up between 3% and 4.6%
** Shares of Geely Auto 0175.HK, Seres 9927.HK and Chery Auto 9973.HK up between 0.8% and 2.9%
** YTD, BYD Hong Kong stock down 18%, Shenzhen-listed shares down 13.8%, benchmark Hang Seng Index .HSI down 9.4%
(Reporting by Donny Kwok)
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