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Buffett-Backed BYD Falls After Forecasting Profit Drop

BYD Co. fell the most in a month in Hong Kong trading after the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc. forecast first-half profit may slump as much as 95 percent.

BYD sank as much as 6.1 percent to HK$19.82, the biggest intraday dip since March 26, before trading at HK$19.90 as of 3:13 p.m. in Hong Kong. The company’s Shenzhen-traded shares retreated as much as 3.8 percent to 26.36 yuan, the lowest level since March 28.