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Monday, Jun 24
Chinese Internet and solar stocks fall hard after growing banking sector liquidity worries...
Chinese Internet and solar stocks fall hard after growing banking sector liquidity worries contribute to a 5.3% drop for the Shanghai Composite. Notable decliners: YY -13%. DANG -9%. GA -8.9%. PWRD -7.2%. YOKU -6.6%. SOHU -5.8%. NQ -5.6%. CSIQ -8.4%. TSL -8.3%. LDK -7.5%. JKS -6.9%. JASO -6.9%. DQ -7.1%. SOL -6.7%. Meanwhile, Bloomberg observes many Chinese solar firms, including Trina, JinkoSolar, and Canadian Solar, are moving production overseas to counter EU import tariffs.