11-Oct-2010 12:34 PM
Chinese airline shares stronger on rising yuan; Golden Week traffic soars; Korean carriers weak
Analysis
Shares in mainland Chinese carriers soared on Friday as trading resumed after a week-long National Day holiday. China Southern, Hainan Airlines, Air China and China Eastern were all stronger on Friday, with the airlines continuing to benefit from a rising yuan as it lowers the value of their dollar-denominated debt, boosting income.
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