"Chinese railway stocks slumped on Monday after a deadly train accident at the weekend fuelled concerns over the safety of the country's rapidly expanding high-speed rail network.
Saturday's crash on the outskirts of the eastern city of Wenzhou killed at least 36 people and injured nearly 200, triggering a nationwide safety overhaul and the sacking of three senior railway officials.
Shanghai-listed shares of China South Locomotive and Rolling Stock (CSR), which confirmed the two trains involved in the collision were made by its joint venture with Canada's Bombardier, dived 8.9 percent to close at 6.06 yuan ($0.93) in Shanghai.
Hong Kong-listed shares of CSR closed down 13.81 percent at HK$5.99 ($0.77).
"The railway ministry is investigating the reason of the accident and we will closely monitor the development," a CSR spokeswoman, who declined to be named or provide further comment, told AFP".............READ MORE
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