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SHE:300274 1 February 2026

Sungrow shares jump as China export rebate shake-up nears — what to watch before Shenzhen reopens

Sungrow shares jump as China export rebate shake-up nears — what to watch before Shenzhen reopens

Sungrow Power Supply Class A shares closed up 3.2% at 151 yuan Friday after the company said China’s new export tax rebate cuts will not affect its PV inverters, and storage cost impact is “controllable.” Beijing will scrap VAT export rebates for photovoltaic products from April 1. Investors await more policy details and Sungrow’s earnings report.

Stock Market Today

  • Asian Markets Rise as Oil Prices Climb Amid Iran Tensions
    April 6, 2026, 1:53 AM EDT. Asian markets gained Monday with Japan's Nikkei 225 up 1.1% and South Korea's Kospi rising 1.5%. Investors closely monitored the escalating conflict in Iran and looming U.S. deadline on Strait of Hormuz access. President Donald Trump's additional threats and ongoing bombings stoked fears of prolonged unrest. In energy markets, U.S. crude oil prices rose to $111.92 a barrel and Brent crude climbed to $110.74 amid supply disruption concerns. Although the U.S. imports limited Persian Gulf oil, countries like Japan, heavily dependent on the region for energy, felt pressure as oil prices surged, reflecting the global nature of crude pricing and heightened geopolitical risks.
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