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.
- The automaker’s U.S.-traded ADR last closed up 4.2% at $12.50 on Friday.
- A BYD executive denied an online rumor the company would launch a flying car.
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.
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.
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. Reuters
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.
Trading in Hong Kong resumed after the market closed for Christmas Day and the following session, with Christmas Eve designated as a half-day.
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.” Moomoo
The rumor referenced BYD’s ultra-luxury Yangwang brand and circulated through short online videos and posts, which the executive said prompted multiple inquiries.
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.
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.
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.
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.
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.
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.
