The SSE STAR New Energy ETF rose over 2%, and institutions pointed out that European household storage will enter a prosperous cycle amid geopolitical conflicts
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Affected by the US-Iran conflict, transportation in the Strait of Hormuz is obstructed, raising concerns about global energy supply, especially Qatar's LNG exports to Europe. Institutions point out that if the situation continues, it may repeat the market conditions of 2022. Despite the short-term impact of geopolitical conflicts, the European household storage industry has entered a new round of prosperity cycle. The Science and Innovation New Energy ETF rose by 2.07%, tracking the SSE STAR New Energy Index, reflecting the performance of sectors such as photovoltaics, wind power, and new energy vehicles
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