Shares of Chinese electric vehicle maker
BYD
fought back Tuesday recovering from earlier losses after Warren Buffett cut his stake in the company again.
BYD
stock (ticker: 1211.Hong Kong) was 2.7% lower in Hong Kong trading at one point after a filing showed that Buffett’s
Berkshire Hathaway
took its position below 14% of the company’s Hong Kong-traded shares. But the stock rallied to erase those losses and move 2.9% higher on the day. The broader
Hang Seng index
was 0.3% down.