New Delhi, Sept. 22 -- Warren Buffer's investment firm Berkshire Hathaway sold all of its stake in the Chinese electric-vehicle maker BYD Co after making massive returns on its investment.
However, the stake sale by Berkshire Hathaway soured sentiment around BYD's stock as it slid nearly 4% in trade today, September 22.
Shares of BYD Co. slid as much as 3.6%, the most in three weeks, to be among the worst performers on a gauge of Chinese shares listed in Hong Kong, as per a Bloomberg report.
As per a Reuters report, the filing by Berkshire's energy subsidiary recorded the value of its BYD investment as zero as of end-March, down from $415 million at the end of 2024.
Buffett's investment firm held BYD stock for almost two decades, havi...
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