Chinese auto shares slump as demand concerns outweigh sales recovery
Chinese carmaker shares slid despite a modest August sales improvement. BYD fell 3.7% in Hong Kong by midday Wednesday, Geely Automobile dropped 4.2%, and Zhejiang Leapmotor was 0.4% lower.
By Jiahui HuangShares of Chinese carmakers slumped despite sales recovering slightly in August, signaling persistent concerns about demand in the world's largest auto market.BYD's shares were 3.7% lower in Hong Kong by midday Wednesday.
Geely Automobile lost 4.2% and Zhejiang Leapmotor edged 0.4% l…