Global stocks: BYD Q1 profit falls 55%, steepest drop in 6 years as China sales falter

Chinese electric vehicle maker BYD’s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday, hit by sluggish sales at home and intensifying competition. The world’s biggest EV seller, ?known for its ?focus ?on budget models priced under 150,000 yuan ($21,931.43), is under pressure from rivals including Geely and Leapmotor. S&P 500 Top Gainers Albemarle199.53(5.95%) Micron Technology524.56(5.60%) Stanley Black & Decker79.86(4.20%) Centene43.50(4.02%) S&P 500 Top Losers Domino’s Pizza335.30(-8.84%) Dollar Tree98.00(-5.54%) Corning168.01(-4.48%) Super Micro Computer27.85(-4.23%) BYD’s first-quarter net profit ?dropped 55.4% from a year earlier to 4.1 billion yuan ($599.46 million), deepening a 38.2% fall…