BYD shares fall as Warren Buffet firm offloads stake

Buffett’s firm held the stock for more than 15 years

BYD shares dropped the most in three weeks after a report that Warren Buffett’s investment firm offloaded its stake in the Chinese electric-vehicle maker. Picture: AP Photo/Matthias Schrader

BYD shares dropped the most in three weeks after a report that Warren Buffett’s investment firm offloaded its stake in the Chinese electric-vehicle maker.

The stock fell as much as 3.6%, ranking among the worst performers on a gauge of Chinese shares listed in Hong Kong. Berkshire Hathaway Inc. has exited its entire holding in BYD, according to a CNBC report on Sunday that also cited a spokesperson for the US firm confirming the development.