Chinese power stocks slump after US grid ban: is the sell-off warranted?

Chinese power equipment stocks have tumbled after the United States moved to bar certain foreign-made grid equipment and related software, but some analysts believe the sell-off may have been excessive, with enforcement still uncertain and Chinese firms able to offset the impact in other markets. Sungrow Power Supply, a major Chinese inverter maker, slumped 12.24 per cent on Thursday after US President Donald Trump signed an executive order a day earlier, declaring a national emergency and...