28-May-2009 10:55 AM
Virgin Blue, Air China, Singapore Airlines, Thai Airways and Qantas higher, Japan Airlines steady
Analysis
Asian stock markets had a good day yesterday, with indexes in Tokyo, Hong Kong, Singapore and Sydney rising 1.4%, 5.3%, 3.0% and 0.3%, respectively, yesterday after a strong lead from Wall Street. Today could be a very different story for the region's airlines, with oil prices rising another USD1 to USD63.45 in New York overnight, while the Dow Jones Industrial Average fell by over 2%.
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