Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.
The Bloomberg China-US Equity Index of the most-traded Chinese companies in the U.S. rose 0.4 percent to 89.44 yesterday. Suntech jumped as much as 28 percent after a news service owned by Hong Kong Economic Times said Buffett’s MidAmerican Energy Holdings Co. may buy the solar panel maker, citing an unidentified person. Trina Solar Ltd. surged the most in two months. SouFun Holdings Ltd. slumped a second day.
