China’s biggest domestic carmakers saw their share prices gyrate wildly yesterday after a decision to lift foreign investment restrictions in the industry.
Guangzhou Automobile Group (GAC), one of China’s largest car companies, suffered a share price fall of 10 per cent in early trading.
Shanghai-based SAIC Motor Corp, Shenzhen-based battery carmaker BYD, and Shenyang-based Brilliance, also saw large drops in early trading.
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