BYD Stock Recovers After Warren Buffett Cuts Stake in the EV Maker

Shares of Chinese electric vehicle maker


fought back Tuesday recovering from earlier losses after Warren Buffett cut his stake in the company again.


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.