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Geopolitical Tensions Escalate in Syria as Syrian Army Advances; Chinese Solar Giant Longi Faces Continued Losses
Stock Market News· 2026-01-18 10:10
Group 1: Syrian Conflict Developments - The Syrian Democratic Forces (QSD) successfully repelled three attack attempts by the Syrian Army on the Tishrin Dam axis, highlighting ongoing military tensions in the region [3] - The Syrian government has regained control over the Euphrates Dam, which is crucial for electricity generation and water supply, following the deployment of its units in Tabqa after expelling the PKK militia [4] - The Syrian Army is preparing to commence a military operation targeting the Ain Issa and Tishrin Dam axes, indicating a strategic push to consolidate control over key areas in northern Syria [5] Group 2: Longi Green Energy Technology - Longi Green Energy Technology Co. (601012.SS) has warned of a potential second consecutive annual loss for 2025, attributed to a prolonged downturn and overcapacity in the global solar supply chain [6] - The company previously forecasted a substantial net loss for 2024, estimated between RMB 8.2 billion and RMB 8.8 billion (approximately $1.1 billion to $1.2 billion USD), marking its first annual loss in 12 years [6] - Longi's stock has declined by 30% over the past 12 months, reflecting investor concerns over intense industry competition and declining prices and gross profit margins for solar modules [7]