Reuters shines on Suntech, shares stage 2-day rally

Shares of Suntech, China’s largest solar cell maker, rose more than 5 percent in the two trading days after Reuters on March 16 reported the company’s CEO expects prices to stabilise in the second quarter. The shares had fallen steadily for most of the previous week after Suntech had predicted a drop in prices, and rival firms had been similarly downbeat. Reuters spoke to Suntech’s CEO, one of China’s richest men, on the sidelines of an industry conference in Shanghai. Bloomberg and Dow Jones did not attend the event, and did not have the market moving story.