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Stocks Blog: BYD plummets on profits plunge, while Standard Chartered jumps after profit beat

  • Shanghai Composite extends losses to second day
  • BYD's near-term outlook to 'remain challenging,' Daiwa Capital analysts say
Topic |   Stocks Blog
BYD has struggled as Beijing scaled back subsidies aimed at stimulating sales of electric vehicles. Above, a BYD assembly plant in Shenzhen. Photo: Reuters
INTRODUCTION

Good day, traders --

The Shanghai Composite and Hang Seng Index extended losses for into a second day.

Catch up on the day's action below.

And if you would like to receive the Live Stocks Blog each morning via email, shoot Deb a message at
[email protected]
and she'll add you to the list.
 

-- Daniel Ren in Shanghai and Deb Price in Hong Kong