Shares of Chinese automakers continue to slide after fears of price war and scrutiny from regulators

Shares of Chinese automakers marked a second day of decline as fears of a price war and increased scrutiny from regulators weighed on investors.

Hong Kong-listed shares of BYD fell as much as 4% Tuesday, continuing losses recorded in the prior session. The plunge of more than 9% on Monday was a reversal of its record high last week, as investors assessed the Chinese electric vehicle giant’s price cuts announced on May 23.