Equities edge up led by transportation companies

Chinese stocks rose for a fifth day, led by transport companies, after China Eastern Airlines Corp received approval for a share sale and investors judged railway companies cheap relative to earnings prospects.

China Eastern jumped 5.1 percent. Daqin Railway Co and Guangshen Railway Co climbed 4 percent. Both stocks have trailed the Shanghai Composite Index's 73 percent rally this year.

Shanghai-related companies surged, led by Shanghai Pudong Road & Bridge Construction Co's 4.4 percent advance, on speculation the construction of Walt Disney Co's theme park in the city will boost income.