UPDATE 1-China's Qingling Mtrs H1 dives on fierce competition

Newswire

(Adds details, analyst comment and background) HONG KONG, Aug 28 (Reuters) - Chinese truck maker Qingling Motors posted a 65 percent fall in first-half net profit on Wednesday as fierce competition in China's truck manufacturing industry took its toll, analysts said. Investors punished its stock, which plunged 11.71 percent to HK$0.98 in early afternoon trade, minutes after the company reported its interim results. Through Tuesday's close, the stock had gained 18 percent in the past ...

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