Chinese airport stocks lose ground
Chinese airports were sold down heavily on Friday as investors brace for further measures by Beijing to rein in inflation.
Guangzhou, Shenzhen, Shanghai, Xiamen and Beijing airports fell by 5-9% as the Shanghai Composite Index slid by more than 5%.
Selected airport operators/investors daily share price movements (% change): 12-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
Airport supplier and retailer stocks were mixed on Friday, led lower by LVMH (-1.5%), while Stefanel SpA gained 2.7%. Late last month, Stefanel SpA agreed to sell its 50% stake in Noel International SA, the owner of airport retailer Nuance Group AG, to PAI Partners for EUR106 million, to focus on its core clothing business.
Selected airport suppliers daily share price movements (% change): 12-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance