Chinese cleantech stocks rallied on Thursday as Democrats' strong US midterm election performance fuelled hopes of stronger support for renewable energy. Investors expect potential policy shifts to benefit solar, battery and clean energy companies, although existing US tariffs and trade restrictions could limit Chinese exporters' access to the American market.
Headlines report that China’s central bank is stepping up relending support for stock repurchases and increased holdings, alongside other measures to support the market. Reports also describe planned talks on market support and mixed investor responses, with stocks edging higher in some accounts and continuing to fall in others.
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