Chinese Solar Stocks Rally On Rooftop Installation Policy

The Hang Seng Index and Hang Seng TECH Index bounced around the room, gaining +0.23% and +0.24% respectively as volume declined -14% from yesterday to 81% of the 1-year average. The 209 Chinese companies listed in Hong Kong within the MSCI China All Shares Index gained +0.39% led by energy +1.3%, discretionary +0.97%, real estate +0.86%, healthcare +0.52%, and materials +0.25%, while utilities fell -0.75%. Hong Kong’s most heavily traded by value were Meituan, which rose +2.

41%, while communication fell -1.38%, healthcare -1.31%, and discretionary -0.21%. The Mainland’s most heavily traded by value were recently listed Three Gorges Renewables, which fell -8.39%, Longi Green Energy, which rose +5.48%, BYD, which rose +0.65%, Tongwei Co, which rose +9.89%, COSCO Shipping, which fell -1.15%, Luxhsare Precision, which rose +4.06%, Kweichow Moutai, which rose +1.47%, Tianqi Lithium, which rose +0.62%, Chongqing Changan Auto, which fell -1.

China must clamp down on its environmentally damaging mining of the rare earth elements.

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