South Korean solar stocks surged over 8% on Wednesday, driven by expectations of US restrictions on Chinese solar products.
Shares of South Korean solar companies, including Hanwha Solutions and OCI Holdings, rose over 8% on Wednesday, following market expectations that U.S. restrictions on Chinese solar products would remain unchanged ahead of a summit between U.S. President Donald Trump and Chinese leader Xi Jinping. Hana Securities analyst Yoon Jae-sung noted that the U.S. is unlikely to ease restrictions on Chinese solar products, as Washington increasingly views solar as a strategic industry related to national security. He believes any tariff reductions would focus on non-strategic goods. Previously, the Trump administration signed Section 232 measures targeting polysilicon and its derivatives in August, citing national security concerns. Hanwha Solutions' solar division, Qcells, also welcomed actions by the U.S. Department of Commerce and Customs and Border Protection to curb the "illegal hoarding" of imported solar panels, stating that the move helps prevent importers from circumventing U.S. trade policies and supports domestic solar manufacturing.
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Source:CNBC头条 · Source Link
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