China’s railway companies tumbled in Shanghai and Hong Kong trading on speculation a deadly bullet train accident in the eastern part of the country will prompt the government to slow construction and reduce investment.
CSR Corp., the largest train maker, slumped 9.4 percent to 6.01 yuan as of 1:22 p.m., set for the biggest decline since August 2008. China CNR Corp., the second-largest, lost 9.4 percent to 5.89 yuan, its worst drop since listing in 2009. China Railway Construction Corp., builder of more than half the nation’s rail links since 1949, sank as much as 5.8 percent in Hong Kong.
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