Hang Seng Index

Shares of Chinese electric car maker BYD plunge after Warren Buffett cut its stake

Shares of Chinese electric car maker BYD plunge after Warren Buffett cut its stake

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Hong Kong-listed BYD shares fell on Wednesday after Warren Buffett’s Berkshire Hathaway cut its stake in the Chinese electric car maker — and one fund manager said that could be a warning sign of more to come. The giant group slightly reduced its shares from 20.04% to 19.92%, according to a filing on the Hong …

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Asian markets slipped on fears of Fed rate hike, weak China manufacturing data

Asian markets slipped on fears of Fed rate hike, weak China manufacturing data

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BEIJING – Asian stocks followed Wall Street’s slump on Thursday after strong US jobs data fueled expectations of higher interest rates and a decline in Chinese manufacturing activity. Nikkei 225 JP Index: NIK In Tokyo it is down 0.4% and Hang Seng Hong Kong: HSI In Hong Kong it fell 0.5%. Shanghai Composite Index CN: …

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