Chinese automaker BYD rises on report of higher 2024 sales target
** Hong Kong shares of Chinese electric automaker BYD 1211.HK rise 2.9% to HK$243, their highest since Aug. 30, and on track for the second session of gain
** Stock on course for biggest one-day pct rise since Aug. 30, if trend holds; second biggest pct gainer in Hang Seng Index .HSI and Hang Seng Commerce & Industry Index .HSNC, which slip 1.2% and 0.9%, respectively
** BYD's Shenzhen stock 002594.SZ jump 4.4% to 260.60 yuan, highest since July 23
** BYD aims to sell 4 million vehicles this year, Morgan Stanley MS.N said in a report on Monday, suggesting an 11% upward revision to the company's 2024 sales target set earlier this year
** BYD set a 3.6-million-vehicle sales target for 2024, a jump of 20% from its record-breaking sales last year, Reuters reported in March
** In China, blue-chip CSI 300 Index .CSI300 slips 0.1% and Shanghai Composite Index .SSEC eases 0.7%
** In Hong Kong, Hang Seng Tech Index .HSTECH slips 0.3% and Hang Seng China Enterprises Index .HSCE falls 1.1%
** BYD Hong Kong stock rose 12.5% YTD, Shenzhen shares up 30.9% YTD
Reporting by Donny Kwok
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