Energy
China Solar Stocks Jump on Hope Oversupply Will Be Addressed
- Talks about policy changes, capacity limit boost stocks
- Solar shares led gains in CSI 300, Hang Seng Index this week
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Shares of Chinese solar manufacturers surged this week amid optimism the government will step in to curb production and help rein in an output glut.
The sector rallied after speculation began Tuesday that the Ministry of Industry and Information Technology may publish rules to limit the production of polysilicon. Shares gained even as analysts from Daiwa Capital Markets and Citigroup said they were unconvinced.