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Auto & Transport Roundup: Market Talk
The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0855 GMT – Hong Kong’s benchmark Hang Seng Index closed 2.2% lower at 26775.57 on Monday amid a wider market sell-off. The biggest drag came from automaker BYD, which slid 6.9%, its steepest daily drop in eight months, after releasing January sales figures. Analysts expect China’s auto sector to face a tough 2026. Higher effective purchase taxes on electric vehicles and tighter policy conditions are likely to drive a clear downtrend for EV makers, Nomura analysts say. Telecommunication also weighed on the index. China Unicom and China Telecom fell 6.3% and 5.0%, respectively. Data from China’s Ministry of Industry and Information Technology showed slowing revenue growth in the telecom sector, prompting listed operators to focus on cutting operating costs, Morningstar says. (megan.cheah@wsj.com)
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