In Asia Tuesday, Hong Kong's Hang Seng Index fell 0.3% to 21,023 and China's Shanghai Composite Index gained 0.5% to close at 2,993. In Japan the Nikkei 225 Index slid 0.3% to 10,722.

In Hong Kong, Warren Buffett-backed BYD Co. surged 8% after brokerages increased earnings estimates for the battery and electric car company. BYD has posted fantastic profits for 2009 with sales surging 162% for the year, according to Business Week, while China's auto sales as a whole surged 46%. The company has scaled back plans to begin mass-producing its cars in China this year, but has already delivered 100 E6 hatchbacks to Shenzhen Taxi Company Ltd., according to alibaba.com, which will be used as cabs in Shenzhen, the company's home turf. Not a bad advertising campaign.

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