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China Rail Shares Rise on Thai High-Speed Rail: Shanghai Mover

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.

China CNR, which produces passenger cars and wagons, rose by the 10 percent 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 percent and China Railway Group Ltd. climbed 8.1 percent at the mid-day trading break. China’s benchmark Shanghai Composite Index rose 0.5 percent.