BUZZ-China's BYD falls after co posts slowest quarterly profit growth in 2 years

Reuters03-27

** Hong Kong shares of BYD Co fall 7.4% to HK$200, lowest since March 12, after Chinese electric vehicle giant posts slowest quarterly profit growth in 2 years

** Stock on track for biggest one-day pct drop since March 10, 2023

** Stock third-biggest pct loser in Hang Seng Index and Hang Seng Commerce & Industry Index ; fourth biggest in Hang Seng China Enterprises Index

** BYD's Shenzhen stock down as much as 4.4% at 210.01 yuan, lowest since March 15

** BYD reported 18.6% rise in fourth-quarter profit on Tuesday, its slowest since first quarter of 2022, as EV sales lost momentum in world's biggest auto market amid a brutal price war

** For the whole of 2023, BYD's net profit jumped 80.7% to 30.04 billion yuan

** In China, blue-chip CSI 300 Index slips 0.1% and Shanghai Composite Index down 0.1%

** In Hong Kong, Hang Seng Commerce & Industry Index eases 0.5%, Hang Seng China Enterprises Index falls 0.8% and Hang Seng Index slips 0.6%

** Hong Kong stock down 4.9% YTD, while Shenzhen shares up 7.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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