11-Jun-2009 11:35 AM
Cathay Pacific, Qantas and Japan Airlines up, Singapore Airlines and Virgin Blue steady - Share Wrap
Analysis
Asian airline shares mostly underperformed local indexes yesterday, reflecting investor concern over rising fuel prices, which reached a new high for 2009 yesterday. For the second day in a row, crude prices closed above USD70 per barrel in New York. A weaker close on Wall Street could also trigger some selling in Asia today.
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