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Asia300

MTR shares slightly weak after Friday train incident

Fire injuring 18 not considered operator's fault

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Police officers guard an entrance to Tsim Sha Tsui subway station in Hong Kong on Feb. 10.   © Reuters

HONG KONG -- Shares of MTR, a train operator in Hong Kong and mainland China, were relatively week on Monday, temporarily falling to 40.00 Hong Kong dollars, down 0.62% from the previous weekend.

A fire that occurred on Friday evening on a subway train operated by the company injured at least 18 people. Investors on Monday morning appeared to take the news negatively, but the impact was limited as many consider the incident not to be the fault of the operator.

MTR shares ended the day at HK$ 40.25. 

The incident happened shortly after 7 p.m. in the middle of the rush hour, at Hong Kong's cross-harbor tunnel between Admiralty and Tsim Sha Tsui stations. According to local reports, a passenger in his 60s set himself on fire while on board the train with the intention of killing himself and others. The route, close to government offices and financial institutions, is one of the busiest in the territory.

The casualties include four severely injured, including the suspect. Hong Kong police say it is not being considered a terrorist attack.

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