BYD Shares Surge the Most in 13 Months on Overseas Sales Orders

BYD Co. shares surged Monday, leading Chinese electric-vehicle stocks higher, with investor sentiment boosted by signs of an improving overseas sales outlook.

The Chinese EV leader’s Hong Kong-listed stock jumped 7.8%, the most in 13 months. It was the top performer on the Hang Seng Tech Index, followed by peers Nio Inc. and Xiaomi Corp., which climbed around 5%.