BYD Co. fell for a second day in Hong Kong trading, heading for its lowest close in more than a month, after disclosing that regulatory approval is holding up its proposed share sale and will reduce earnings.
The stock fell as much as 6.4 percent to HK$42.40 and traded at HK$43.40 as of 10:50 a.m. in Hong Kong. BYD is headed for the lowest close since Oct. 5, after slumping 8.3 percent on Tuesday. The benchmark Hang Seng Index was little changed.
