Stocks climb from one-month low; Airlines gain, CSR drops

SHANGHAI - Stocks advanced on the Chinese mainland, lifting the benchmark index from a one-month low, as airlines climbed on speculation that competition from the high-speed rail industry will fall after a train crash on Saturday.

China Eastern Airlines Corp jumped 10 percent after ticket prices between Beijing and Shanghai climbed. Rising Nonferrous Metals Share Co led a rally for rare-earth producers as the company estimated first-half profit might have jumped eightfold. CSR Corp, the country's biggest train maker by market value, sank 3.8 percent after a press officer said the company made one of the trains involved in the accident.

The Shanghai Composite Index added 0.5 percent to 2703.03 at the 3 pm local time close. The CSI 300 Index rose 0.3 percent to 2977.77, following Monday's 3.3 percent slide.