Kaisch New Energy Soars 29% as Solar Sector Rallies

Kaisch New Energy (1108.HK) soared 29% during regular trading to HK$3.62, with turnover at HK$217 million and volume at 61.34 million shares. The stock rose more than 3% within five minutes, reaching an intraday high of HK$3.77.

The solar equipment sector rallied sharply today, with DR Laser gaining over 10%. Kaisch New Energy and Triumph New Energy followed the sector higher. Market rumors that mandatory standards for the solar industry could force 30% capacity exits have lifted sentiment across the sector.