# stock market
Latest news and articles about stock market
Total: 4 articles found
JinkoSolar Denies Any Deal With Musk’s Team as Shares Spike on Space‑PV Rumours
JinkoSolar denied any cooperation or signed agreements with a team linked to Elon Musk after its shares jumped on rumours of visits by Musk’s delegates to Chinese PV firms. The company emphasised that space‑based photovoltaic technology is still in early exploration and has not contributed revenue, while its core business remains terrestrial solar.
Indonesia Market Halts as MSCI Freeze and Governance Concerns Trigger 8% Rout
Indonesia’s stock benchmark fell 8% to 8,261.79 on January 28, triggering a 30‑minute trading halt after MSCI paused index adjustments over concerns about concentrated shareholdings. The local index provider froze new constituents and actions that would increase tradable shares, heightening concerns about governance, liquidity and foreign capital flows.
China Purges Financial Influencers After ¥83m Penalty Exposes Social‑Media Stock Racket
Chinese regulators and major tech platforms have moved to punish and deplatform influential stock‑picking social media accounts after a high‑profile ¥83 million penalty exposed systematic manipulation. The coordinated action targets a wider problem: monetised investment communities and celebrity traders whose recommendations materially sway prices and leave retail investors exposed.
China’s Market Watchdog Slaps CNY 1.02bn Penalty on Trader for Five-Year Stock-Manipulation Campaign
China’s securities regulator found that Yu Han used 67 trading accounts from mid-2019 to mid-2024 to manipulate the shares of Boshi Eyewear (博士眼镜), netting roughly CNY 510.9 million. The CSRC ordered confiscation of the illicit gains, an equal fine for a total penalty around CNY 1.02–1.03 billion, and imposed a three-year market ban and trading prohibition.