LDK Leads Surge on First Solar Demand in Europe: China Overnight
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LDK Solar Co. and Trina Solar Ltd. led gains in Chinese equities traded in New York, sending the benchmark index to the highest level in two weeks, after a U.S. competitor said demand from Europe unexpectedly grew.
LDK, the world’s second-largest maker of wafers, surged the most in five months while Trina Solar, China’s fifth-largest solar-panel maker, jumped the most in four months after First Solar Inc. said it’s increasing production in its German factories. The Bloomberg China-US Equity Index of the most-traded Chinese shares in the U.S. rose 1.4 percent to 91.28 at the close of trading in New York, the highest since May 29.