Chinese airlines slump, Taiwan carriers jump. SIA Cargo buys into China Cargo Airlines
Mainland Chinese airline stocks slumped yesterday as the Shanghai Stock Market fell on concerns about rising tensions on the Korean Peninsula.
Across the Taiwan Strait, China Airlines and EVA Air gained 1.9% and 3.9%, respectively, as the local government stated it may raise the daily limit for tourist arrivals from the Mainland from 3000 to 4000, possibly from 01-Jan-2011, according to an Economic Daily News report.
Asia Pacific selected airlines daily share price movements (% change): 20-Dec-2010