Disneyland moves lift stock prices

SHANGHAI: Most of the shares in the Disneyland concept sector rallied to their daily limits yesterday on speculation that work on the long-anticipated Shanghai Disneyland Park will begin after getting approval from the central government.

The municipal government is in discussions with Walt Disney Co on cooperation details, with actual construction dates hinging on "timing" issues, an anonymous source closely involved in the project was quoted by some media as saying.

"The Shanghai Disneyland Park is scheduled for construction in the Huang Lou area, a cross-zone between the outskirts of Chuan Sha and Nan Hui in Shanghai Pudong New District," the source said.