BYD A-shares limit up after report chairman reassures on Buffett


BEIJING, July 1 (Reuters) - BYD's yuan-denominated A-shares went limit-up on Friday after its chairman told local media Warren Buffett had no plan to cut his stake in the Chinese automaker. BYD, in which Buffett's Berkshire Hathaway Inc holds a 9.9 percent stake, rose by its 10 percent daily trading limit shortly after market opened, vastly outpacing a 0.2 percent climb in the benchmark index . The surge came after BYD chairman Wang Chuanfu dismissed market rumors of the possibility of ...

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