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A-shares and Hong Kong stocks are up, with the gem rising more than 1%, led by photovoltaics, chips, and non-ferrous metals.
PV concept stocks in A-shares rose at the beginning of the market, Suzhou Good-Ark Electronics hit the limit up, Sungrow Power Supply, Deli Technology rose more than 6%, Ginlong Technologies, Suzhou Maxwell Technologies, and Orise Technology quickly followed the upward trend.
Reported Earlier, 'China To Cut Or Cancel Export Tax Rebates For Products Including Aluminum' - Reuters News
Despegar.com, Zai Lab, Bloom Energy And Other Big Stocks Moving Higher On Friday
Express News | U.S. aluminum stocks surged collectively, with century aluminum rising nearly 13%, alcoa increasing nearly 8%, and kaiser aluminum and constellium both rising over 2%.
Alcoa Jumps With Aluminum Futures as China Cancels Tax Incentive on Exports
China cancels export tax rebates on metals, and aluminum and other industrial metals rise in response.
After China canceled export tax rebates on certain csi commodity equity index, aluminum and all other industrial metals responded with a price increase.