Autos Echo A-shr Peers to Rise against Weak Mkt; BYD, Geely, GWM Ascend 3-7%

Automakers echoed their A-share peers to surge against the soft market this morning. $GWMOTOR(02333.HK)$ , in particular, once peaked at $10.22 after reclaiming its 100MA ($10.15). The stock last stood at $10.04, elevating 6.8%.

Despite multiple stake cuts by Berkshire Hathaway, $BYD COMPANY(01211.HK)$ ascended 3% to $244.8, after once peaking at $246.4. $LI AUTO-W(02015.HK)$ rose more than 2.5%. $GEELY AUTO(00175.HK)$ rebounded by 3% to $9.93. $GAC GROUP(02238.HK)$ , $DONGFENG GROUP(00489.HK)$ , $BAIC MOTOR(01958.HK)$ and $BRILLIANCE CHI(01114.HK)$ burgeoned by roughly 1-3%.