UPDATE 2-China's Qingling Motors H1 dives on price cuts

Newswire

(Adds more comments from analysts, fund manager, and byline) By Charlie Zhu 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 quickly punished the stock, sending it plunging more than 16 percent to HK$0.93 about an hour after it reported its interim results during the lunchbreak. Through Tuesday's close ...

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