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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
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Stocks
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
