Ex-Im Bank targeted by Air Transport Association of America (ATA) over Air India deal
17th November 2011
Asian stock markets were mostly higher today with shares in Sydney and Tokyo erasing early losses and airlines gaining after oil prices retreated from multiyear highs. Airlines, hard-hit by the recent oil-price surge, were mostly higher around the region. Seoul-listed Korean Air Lines added 4.1%, Hong Kong’s Cathay Pacific tacked on 4.0%, Australia’s Qantas rose 1.7%, Tokyo-listed All Nippon Airways was up 0.3% and Thai Airways gained 2.1%. Malaysian low cost carrier AirAsia jumped 6.0%.