Visitors in the HKEX Connect Hall at the Exchange Square in Central, Hong Kong. Photo: Xiaomei Chen
Visitors in the HKEX Connect Hall at the Exchange Square in Central, Hong Kong. Photo: Xiaomei Chen

Hong Kong stocks retreat as new year rally overheats while BYD erases decline after Buffett cutback

  • Local stocks took a breather after an 8.1 per cent rally in the opening days of 2023 pushed a technical indicator into overheated zone
  • BYD overturned an almost 3 per cent loss following news of Berkshire Hathaway’s further retreat from the Chinese EV maker

Visitors in the HKEX Connect Hall at the Exchange Square in Central, Hong Kong. Photo: Xiaomei Chen
Visitors in the HKEX Connect Hall at the Exchange Square in Central, Hong Kong. Photo: Xiaomei Chen
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