Hong Kong Stock Market Surges | High-speed rail concept stocks rise in early trading, with prices on some Beijing-Shanghai high-speed rail routes increasing by 20%. High oil prices increase the substitutability of high-speed rail transportation.

Wisdom Finance APP learned that high-speed rail concept stocks rose across the board in early trading. As of the time of publication, CRRC Corporation Limited (01766.HK) rose by 4.61% to HK$5.45; Guangshen Railway Company Limited (00525.HK) rose by 4.88% to HK$2.58; and CRRC Times Electric (03898.HK) rose by 0.64% to HK$37.56.