NEW YORK, December 28, 2025, 23:08 ET — Market closed
- BYD’s Hong Kong-listed shares were last up about 6% at roughly HK$99.65 in Monday trade. 1
- The automaker’s U.S.-traded ADR last closed up 4.2% at $12.50 on Friday. 2
- A BYD executive denied an online rumor the company would launch a flying car. 3
BYD Co Ltd shares were last up about 6% in Hong Kong on Monday, trading around HK$99.65. The company’s U.S.-traded ADR, a certificate that represents foreign shares, last ended up 4.2% at $12.50 in Friday’s session. 1
The move comes into the final trading days of the year as risk appetite firmed across Asia on expectations of U.S. interest-rate cuts in 2026, lifting regional equities. 4
China policy signals are also in focus after the finance ministry said fiscal policy would be more “proactive” in 2026 as Beijing tries to bolster domestic demand. 5
Hong Kong stocks have been buoyant into year-end, with the city’s financial secretary recently lifting the 2025 growth forecast to 3.2% in a blog post. 6
Trading in Hong Kong resumed after the market closed for Christmas Day and the following session, with Christmas Eve designated as a half-day. 7
Over the weekend, BYD moved to quash online speculation that it was preparing to enter flying cars. Li Yunfei, general manager of BYD’s brand and PR office, wrote on Weibo: “This news is false information! We don’t have such plans and arrangements.” 3
The rumor referenced BYD’s ultra-luxury Yangwang brand and circulated through short online videos and posts, which the executive said prompted multiple inquiries. 8
Investors have treated China’s automakers as a high-beta trade on policy and consumer demand, after years of aggressive price competition that has squeezed margins across the sector. 9
BYD’s Hong Kong shares were last indicated in a HK$96.90 to HK$99.80 range for the session, according to market data. 1
Before next session
In the U.S., traders will watch whether BYD’s ADR reacts to the Hong Kong move when markets reopen, after Friday’s $12.18 to $12.59 intraday range. 2
On the macro front, the Federal Reserve is scheduled to publish minutes from its Dec. 9–10 meeting on Tuesday at 2:00 p.m. ET. 10
China’s December purchasing managers’ index (PMI) — a survey-based gauge of factory activity — is due in the coming days, a release that can sway sentiment toward mainland-linked stocks and exporters. 11
Technically, BYD’s U.S. ADR has been hovering around the $12 handle, with traders eyeing Friday’s $12.59 high as a near-term resistance point and $12.18 as a nearby support level. 2
