Hong Kong Stocks Movement | Solar Stocks Rebound Today as JA Solar Denies Rumors and Industry Association Opposes Cutthroat Competition

Stock News
Yesterday

Solar stocks showed signs of recovery today. As of press time, Xinte Energy (01799) rose 4.4% to HK$8.78, Flat Glass (06865) gained 2.86% to HK$12.96, Xinyi Solar (00968) climbed 2.41% to HK$3.82, and GCL Tech (03800) increased 2.27% to HK$1.35.

The rebound comes amid market rumors about the suspension of a polysilicon procurement platform, which were refuted by the China Photovoltaic Industry Association (CPIA). On the 12th, CPIA issued a statement clarifying that the circulating rumors were false and condemned malicious attempts to short the solar industry through misinformation.

Liu Yiyang, Executive Deputy Secretary-General of CPIA, emphasized the industry's determination to end cutthroat competition, stating that policymakers remain resolute in supporting the sector. Separately, JA Solar Technology (002459) issued a clarification last night, denying that its board secretary had made any remarks as speculated online and labeling the claims as misleading rumors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10