Hong Kong-listed airlines briefly spike on report China is debating reducing quarantine
Hong Kong-listed shares of some Chinese airlines briefly spiked following a Bloomberg report that Chinese officials are debating reducing the quarantine period for inbound travelers.
Shortly after the report, China Southern Airlines was up about 3%, Air China was roughly 2% higher and China Eastern Airlines rose more than 1%. The stocks have since pared most of their gains.
In Japan, ANA Holdings also gained 1.54% and Japan Airlines traded 1.36% higher.
Meanwhile, shares of Cathay Pacific were last more than 2% lower and Korean airlines and travel-related stocks continued to trade roughly 2% lower.
–Jihye Lee
DoubleLine Capital’s Gundlach says Treasury yields may peak before the end of the year
DoubleLine Capital CEO Jeffrey Gundlach said U.S. Treasury yields “may well be peaking between now and year-end.”
“Note how the long end is flat,” he said in a…
