Shares of Geely Automobile Holdings Ltd suffered their steepest one-day drop in 12 years, after the Chinese automaker said 2014 profit may halve due to slumping exports and currency losses from operations in Russia - its biggest overseas market.
the ruble's sharp fall this week on tumbling oil prices, which brought its losses against the dollar this year to about 50 percent, leaves their near-term prospects there looking decidedly bleak.
Geely shares plunged as much as 22 percent at one stage in early trading, the biggest decline suffered by any constituent stocks of the MSCI Asia Pacific Index.
Source:
