BYD tumbles after posting sharp decline in Q3

BYD Co. (1211.HK), the Chinese automaker partly owned by billionaire Warren Buffet, slumped on Tuesday after it posted a sharp decline in net profit for the third quarter.

The stock fell by 5.35 per cent to HK$14.86 as of 11:44 a.m. on Tuesday, compared with a decline of 0.48 per cent of the benchmark Hang Seng Index at the same time. The stock had fallen by as much as 7.01 per cent this morning.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1073143/byd-tumbles-after-posting-sharp-decline-q3