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.
