OCI News & Analysis

South Korean Solar Stocks Rise Over 8% on U.S. Trade Restrictions

Shares of Hanwha Solutions and OCI Holdings increased by over 8% on Wednesday as U.S. restrictions on Chinese solar products were expected to persist ahead of the Trump-Xi summit in Washington. Analyst Yoon Jae-sung from Hana Securities noted that it is highly unlikely the U.S. would ease its restrictions during the talks. The U.S. Department of Commerce and U.S. Customs and Border Protection recently took measures against illegal stockpiling of solar panels, which supports domestic manufacturing. This matters for investors as it could lead to increased domestic solar production and impact supply chains related to solar energy.