Hong Kong’s Cathay Shares Jump 7.4% At Open After Slump This Week

www.oann.com | 4/4/2018 | Staff
jenn1020 (Posted by) Level 3
HONG KONG (Reuters) – Shares in Cathay Pacific opened 7.4% higher on Wednesday in a relief rally after the Hong Kong airport reopened and the airline and its top shareholder condemned protests and vowed to follow China’s aviation regulations.

The share price jump came after Cathay’s shares tumbled to a 10-year-low earlier in the week following the Chinese aviation regulator’s demand that it suspend personnel who engaged in or supported protests in Hong Kong from staffing flights into its airspace.

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