Chinese Shares Tumble After Deadly Train Crash, Four Stocks Suspended

Chinese stocks fell Monday the first trading day after the deadly train collision in eastern Zhejiang province which left at least 39 people died and 192 other injuries.

Stocks related to high-speed trains failed, triggering panic selling in markets.

Benchmark Shanghai Composite Index fell 2.96 percent at 2,688.75. Shenzhen Component Index lost 3.13 percent ended 11,966.24.

Total sales grew rapidly 217.61 Billion yuan (about $ 33.5 billion) from Friday's 157.8 billion yuan.

The losers will be smaller than gainers by 890 to 36 in 1240-57 in Shanghai and Shenzhen.

Losses on the Chinese market after news that a high-speed rear-ended another on Saturday night.

Stocks related to high-speed shaking. Zhejiang Tianma Bearing Co. Ltd. fell 10 percent daily limit to 11.12 yuan per share. Zhuzhou Times New Material Technology Co., Ltd. was below 10 percent of the 18.9 billion yuan.

Trading four railway equipment maker in Shenzhen Stock Exchange (SZSE) SZSE was suspended Monday said four separate statements on its website.

SZSE said companies, Qingdao TGOOD Electric Co., Ltd., Beijing Century Real Technology Co., Ltd., Beijing Jiaxun Feihong Electrical Co., Ltd., and Chongyi Zhang Yuan Tungsten Co. Ltd. had applied for suspension of trading in their names appeared in the media for high-speed crash .

Stock prices, these companies can be significantly affected by exposure SZSE said.

On Sunday announced Qingdao TGOOD Electric Co., Ltd. that it had found errors in the quality of electrical products will be delivered to a railway line.

Trading in stock his back Monday afternoon.

Airlines focused as a train accident may trigger a need for alternative transportation. China Eastern Airlines Corporation Limited 1.19 percent from 5.09 yuan.

PetroChina Company Limited hit a nine-month low of 10.03 yuan on Monday's trading and closed 2.08 percent lower to 10.36 yuan. Cement shares attracted strong Jiangxi Wannianqing Cement Co. Ltd. 18.33 yuan, down 6.53 percent.

Real estate crash may have fallen in with a damp demand for real estate in cities along the high-speed railway lines. China Vanke, the country's largest developer by market value, lost 8.14 yuan to 3.33 percent.