Shares of industrial and transportation companies rose as a durable-goods order tally was not as weak as feared.
Orders for goods that last three years or more such as refrigerators and cars, ticked down 0.1% in Orders for cars, appliances and other durable goods decreased slightly in July, as manufacturers continued to grapple with shortages in parts and labor and confront higher material costs.
Train maker Zhuzhou CRRC Times Electric will raise 7.7 billion yuan ($1.17 billion) through a listing on the Shanghai Stock Exchange, the latest Hong Kong-listed firm to tap the mainland market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-25-21 1633ET
