Shares in Cathay Pacific opened 7.4% higher on Wednesday in a relief r...
A Cathay Pacific plane lands at Hong Kong airport after it reopened following clashes between police and protesters, in Hong Kong, China August 14, 2019. REUTERS/Thomas Peter
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. “We condemn all illegal activities and violent behavior, which seriously undermine the fundamental principle of ‘One Country, Two Systems’ as enshrined in the Basic Law,” Swire Pacific said in a statement on Tuesday.
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