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GCL TECH Tumbles 5%+ on Worry of Tariff Hike after Trump's Win
Recommend 36 Positive 65 Negative 44 |
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As Donald Trump values traditional energy industries, such as fossil fuels, it is believed that the US solar energy tax breaks and incentives may not be extended after he takes office, and there is a possibility that tariffs will be raised. HK-listed photovoltaic stocks were squeezed today (7th), with GCL TECH (03800.HK) opening 2.4% lower. With the decline aggravating, the stock bottomed at $1.52. It last traded at $1.58, down 5.39%, with 148 million shares traded, involving $229 million. XINYI SOLAR (00968.HK) last reported at $3.48, down 4.92%. FLAT GLASS (06865.HK) last tracked at $12.9, down 5.7%. XINTE ENERGY (01799.HK) last stood at $9.09, down 5.02%. COMTEC SOLAR (00712.HK) last printed at $0.138, down 6.12%. AAStocks Financial News |
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