Lates News

Today, both A-shares and Hong Kong stocks have experienced a pullback, with the Hong Kong automobile sector experiencing a significant decline. BYD Company Limited opened lower by nearly 1.2% this morning and then dropped over 8%, while other automobile stocks were also under pressure, with Geely Automobile Holdings falling nearly 8% and Great Wall Motor dropping close to 5%. Analysts believe that price wars may be the direct cause of the decline in automobile stocks. BYD recently launched a major limited-time promotion, including 22 models from its Dynasty and Ocean series, with discounts of up to 53,000 RMB. (Securities China)