Chinese High-Speed Rail Maker CRRC’s Profit Trails Estimates

  • Board approves $100 million investment in U.S. factory
  • Hong Kong-listed shares decline most in more than two months

China’s only maker of high-speed locomotives reported a 2 percent gain in first-half profit, trailing analysts’ estimates, as Asia’s biggest economy expanded its rail network. Shares slumped in Hong Kong and Shanghai.

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