SPY423.11+2.25 0.53%
DIA339.45+0.67 0.20%
IXIC14,253.27+111.79 0.79%

BUZZ-BYD Co's HK shares set for best day in nearly 6 weeks on unit spinoff plan

05/11/2021 23:15
BUZZ-BYD Co's HK shares set for best day in nearly 6 weeks on unit spinoff plan

** Hong Kong shares of Chinese electric vehicle (EV) maker BYD Co Ltd 1211.HK rise as much as 7.6% to HK$152.80, on course for their best session since April 1

** Stock is the fifth most actively traded by turnover

** Dual-listed BYD Co Ltd 002594.SZ plans to spin off its semiconductor unit for IPO on Shenzhen's ChiNext board - a Nasdaq style unit of Shenzhen Stock Exchange nP8N2MT01H

** Shanghai-listed shares rise 4.7%

** The Hong Kong Hang Seng Commerce & Industry Index .HSNC rises 1.5%, and the Hang Seng Tech Index .HSTECH surges 2.4%

** The Hang Seng China enterprises index .HSCE climbs 0.9%, and the benchmark index .HSI gains 0.2%

** As of last close, the Hong Kong-listed stock had fallen 30.1% this year


(Reuters Messaging: [email protected])