Shares of OCI Holdings, a solar power corporation, dropped sharply in early trading on the 22nd. This appears to be the impact of U.S. President Donald Trump's criticism of solar power as "a fraud of the century."
As of 9:34 a.m. that day, OCI Holdings' shares are trading at 89,600 won, down 8.85% (8,700 won) from the previous trading day in the KOSPI market.
Investor sentiment weakened as President Trump criticized solar power as "a fraud of the century" and stated he would not approve it. This situation raises concerns about the potential damage to Korean solar corporations that have entered the U.S. market.
OCI Holdings is a corporation related to solar power, producing polycrystalline silicon for solar applications. In particular, its U.S. solar subsidiary, OCI Energy, is operating in the United States.