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Equities sell-off hits Asia Pacific airlines


Asia Pacific airline shares were caught in the wave of selling on global stock markets yesterday, with Chinese carriers among the worst performers.

Chinese stocks closed down almost 3% yesterday on fears of a slowdown in the world's second largest economy. Hong Kong's Hang Seng Index closed 2.1% lower. Cathay Pacific shed 2.8%.

Australian airlines Qantas and Virgin Australia closed steady.

Selected Asia Pacific daily share price movements (% change): 23-May-2011

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