Saturday, July 2, 2011

China's Buffett-backed BYD shares surge on debut (AP)

FILE - In this April 21, 2011, file photo, models walk by BYD's G6 sedan on display at the Shanghai International Auto Show in Shanghai, China. Chinese auto and battery maker BYD Co. said Wednesday June 29, 2011, its profit fell 84 percent in the first quarter, mainly due to a slowdown in car sales and rising costs. (AP Photo/Eugene Hoshiko, File)AP - Shares in Chinese auto and battery maker BYD Co. jumped 41 percent in their debut on the Shenzhen Stock Exchange on Thursday, despite news that the company's profit fell by 84 percent in the first quarter.


Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http://news.yahoo.com/s/ap/20110630/ap_on_bi_ge/as_china_byd_shenzhen_shares

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