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Ferrovial, Fraport and Aeroports de Paris rise Macquarie Airports drops back

Analysis

Airport stocks were mixed yesterday, with Shenzhen Airport (+3.8%) and Auckland Airport (+2.6%) running against weakness across Asia Pacific stock markets. Korean Airports (-4.2%) and Australian Infrastructure Fund (-2.8%) lost ground, while Macquarie Airports' -1.7% reduction was better than the overall ASX200 Index fall of around 3% yesterday, and reflects the successful completion of Sydney Airport's deleveraging exercise (see below).

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