South Korean Solar Stocks Rise Amid Expected U.S. Curbs on Chinese Sector
Shares of South Korean solar companies Hanwha Solutions and OCI Holdings surged over 8% as investors anticipated that the Trump administration would maintain restrictions on Chinese solar products during upcoming trade talks with China's Xi Jinping. Hana Securities analysts argued that easing these curbs was unlikely, given the strategic importance of solar energy to U.S. national security. The firm highlighted growing efforts by Washington to reduce reliance on foreign supply chains for critical sectors like solar and semiconductors. Hanwha’s Qcells welcomed recent actions by U.S. authorities targeting illegal stockpiling of imported panels as a positive step supporting domestic manufacturing. OCI Holdings is also expanding its presence in the U.S., with new facilities underway.
Topics: Section_232_tariffs solar_energy trade_relations U.S.-China_summit