Photovoltaic stocks rebounded in early trading. As of the time of publication, Flat Glass (06865) rose 7.18% to HKD 9.41; Xinyi Solar (00968) rose 5.38% to HKD 2.94; GCL Tech (03800) rose 3.96% to HKD 1.05; Xinte Energy (01799) rose 3.14% to HKD 6.57.
According to the Futu Securities APP, photovoltaic stocks rebounded in early trading. As of the time of publication, Flat Glass (06865) rose 7.18% to HKD 9.41; Xinyi Solar (00968) rose 5.38% to HKD 2.94; GCL Tech (03800) rose 3.96% to HKD 1.05; Xinte Energy (01799) rose 3.14% to HKD 6.57.
On the news front, recently, the Biden administration finalized the details of the 301 tariffs on China, significantly increasing the import tariffs on electric vehicles, lithium batteries, and solar batteries. Industry insiders have pointed out that compared to the content announced in May, the final decision issued by the United States did not adjust the tariff policy on China's new energy industry, which is progress on old news and the market has already anticipated it.
Sinolink Securities released a research report stating that the direction of the U.S. election has changed, and the attitude towards the energy industry may gradually become an area with less divergence and contradiction in the governing agenda of the two parties. Combined with the expectation of an imminent interest rate cut by the Federal Reserve, the development of new energy projects will directly benefit, and the resonance of these two factors is expected to drive significant recovery in sentiment and expectations for the new energy sector, especially the offshore-related industrial chain. It is recommended to increase the allocation of relevant symbols.