Investor concerns push stock prices down

BEIJING - Railway company stocks plunged on Monday in a panic selling amid investor concerns that the high-speed train crash in East China on Saturday may trigger a substantial slowdown of the country's investment in its ambitious railway construction.

Share prices of China South Locomotive and Rolling Stock Corp Ltd (CSR) and China North Locomotive and Rolling Stock Corp Ltd (CNR), the country's two major train manufacturers, tumbled more than 8 percent in Shanghai while six other railway equipment suppliers fell to their daily trading limit of 10 percent.

Beijing Time Technologies Co Ltd, a signaling equipment manufacturer, and four other suppliers of the trains that collided on Saturday, were also suspended from trading.