China shares up on Thai fast-rail
- Published: 14 Oct 2013 at 14.36
- Online news:
China CNR Corp led gains in shares of Chinese companies that build and supply equipment for railways on speculation they will win contracts for the construction of Thailand’s high-speed train system.
In this handout photo taken on Oct 12, 2013 shows Prime Minister Yingluck Shinawatra talks with Chinese Premier Li Keqiang during an exhibition of high-speed railways at Queen Sirikit hall. (AFP photo)
China CNR, which produces passenger cars and wagons, rose by the 10% daily limit in Shanghai to 4.59 yuan, the biggest one-day gain since February 2013. CSR Corp, which makes locomotives and cars, and Taiyuan Heavy Industry Co, a maker of train axles, also surged by the daily limit. China Railway Construction Corp rose 7.4% and China Railway Group Ltd climbed 8.1% at the mid-day trading break. China's benchmark Shanghai Composite Index (SHCOMP) rose 0.5%.
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