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Yingli Leads Solar Rally on Government Support: China Overnight

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Solar manufacturers led gains among Chinese companies traded in New York after Premier Li Keqiang pledged measures to boost demand and provide financing support.

The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. jumped 1.9 percent to 88.08 yesterday, the biggest gain in two months. Yingli Green Energy Holding Co., the world’s largest solar-panel maker, surged 13 percent and LDK Solar Co. rallied. Qihoo 360 Technology Co. climbed to a record high while Cnooc Ltd. rebounded the most in 11 months. Non-deliverable yuan forwards strengthened the most since August 2011.