Asia Pacific airline stocks were mixed on Friday, with Chinese and Korean airline stocks falling and Australian and Singaporean airlines rising.
China Eastern and China Southern fell 3.8% and 3.7%, respectively, while Air China (-2.7%) fell despite Cathay Pacific confirming during trading that it has raised its stake in the Beijing-based airline from 19.05% to 19.18%. The move is ahead of Air China’s issue of new A shares (announced in Mar-2010) to up to ten investors, including its parent.
Asia Pacific selected airlines daily share price movements (% change): 02-Jul-2010
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