Taiwan Solar Stocks Fall After U.S. Expands Trade Penalties

Taiwanese solar stocks led by Motech Industries Inc. (6244) fell after the U.S. proposed expanded penalties on solar-energy imports in a victory for the U.S. unit of SolarWorld (SWVK) AG, which accused China of shifting production to Taiwan after it lost an earlier case.

Motech, Taiwan’s biggest solar-cell producer, slumped 6.9 percent to close at NT$44.40, the biggest one-day drop since May 21, 2013. Gintech Energy Corp. (3514), E-Ton Solar Tech Co. (3452) and Neo Solar Power Corp. (3576) also tumbled.