Melco Crown Entertainment Ltd. dropped in New York on concern the World Cup will draw visitors away from its casinos, while solar maker Yingli Green Energy Holding Co. rose before an earnings report.
Yingli Green Energy Holding Co., the world’s largest solar-panel maker, surged the most in more than five months after narrowing losses and reiterating its 2014 forecast.
Prices for solar panels from China that are brought into the U.S. will go up by an average of 14 percent because of import duties that may be announced later this year, GTM Research said in a report yesterday.
NQ Mobile Inc. jumped the most on record in New York yesterday after the Chinese mobile-service provider said an internal investigation didn’t find any evidence of fraud.
India may recommend duties on U.S. and Chinese solar imports after finding evidence of dumping, broadening a global trade dispute in the $130 billion market.
Auriga’s Bachman Discusses China’s Solar Stocks