Trina Drives Advance on Cash as SouFun Rallies: China Overnight
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Chinese equities rose in New York, driven by Trina Solar Ltd. and Yingli Green Energy Holding Co. on speculation investors are favoring solar makers with sufficient cash after Suntech Power Holdings Co. defaulted.
The Bloomberg China-US Equity Index of the most-traded Chinese companies in the U.S. added 0.2 percent to 90.53 yesterday. Trina gained the most in two weeks and Yingli rebounded from a four-month low. SouFun Holdings Ltd., owner of China’s biggest real estate information website, jumped the most in five weeks, while Suntech sank after a two-day advance.