Aviation stocks all fell when the Covid-19 obsession returned


Asian stocks haunted Covid-19 again, HSBC and Standard Chartered shares slipped deeply

Shares of HSBC and Standard Chartered listed in Hong Kong today continued to slide deeply when these two banks were repeatedly mentioned in the file of suspicion of trading “dirty money”.

Shares of Korean Air Lines of South Korea lost 2.39% on September 22 trading. Photo: AFP

In Hong Kong, shares of China Eastern Airlines lost 4.52%, while shares of China Southern Airlines slipped the deepest in the region with 5.49%. Cathay Pacific Airlines recorded a 1.93% drop in shares.

Shares of Korean Air Lines in South Korea fell 2.39% while shares of Singapore Airlines fell 1.75%. Australia’s Qantas Airways kept up with its stock’s decline to 1.82%, compared with a 2.34% drop in the morning session.

Aviation stocks “blazed” after analysts warned European countries could impose additional restrictions in the public sector over the next few days due to the number of Covid-19 infections in the continent. Recently there has been an upward trend. The UK is expected to re-apply the restrictions from September 24 as the country is facing a second wave of Covid-19 infections, according to Reuters.

The Korean stock market fell the most in the Asia-Pacific region with a decrease of 2.38% to 2,332.59 points.

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On September 22, Standard Chartered shares fell more than 3.58%.

On the Hong Kong market, the Hang Seng Index fell 1% at the close. Notably, shares of HSBC and Standard Chartered listed in Hong Kong today continued to slide deeply when these two banks were repeatedly mentioned in the file of suspicion of transactions of “dirty money” up to $ 2,000 billion of the banking industry. world goods. Specifically, HSBC shares this afternoon fell 2.73% while Standard Chartered shares fell deeper than 3.58%.

Mainland Chinese stocks this afternoon turned from the opposite shade to red as the Shanghai Composite Index plunged 1.29% to 3,274.30 points, while the Shenzhen Component slipped slightly with 0.959% to 13,023.43.

In Australia, the S & P / ASX 200 index fell 0.66% and closed with 5,784.10 points. Overall, the MSCI Asia-Pacific Index (excluding Japan) lost 1.07%.

Asian market reaction was followed closely after Wall Street stocks last night had a “fiery red” session. The S&P 500 Index closed down 1.2 percent to 3,281.06 while the Nasdaq Composite slipped 0.1 percent to 10,778.80. Last night’s decline marked the first time since February that the S&P 500 index suffered 4 consecutive declining sessions.

Meanwhile, the Dow Jones industrial average had the worst session since September 8 when it “evaporated” 509.72 points, or 1.8%, down to 27,147.70.

According to Ray Attrill, Head of Foreign Exchange Strategy at the National Bank of Australia, there is not much doubt about the trend of Covid-19 cases rising again in the US and major European countries. This trend will lead to a move to re-apply a series of strong social measures.

The money market today recorded the greenback’s depreciation. The US dollar index against other major currencies fell from 93,632 previously set to 93.52. Japanese Yen slightly depreciated and converted 104.52 JPY / USD from 104.4 JPY / USD established yesterday, while Australian dollar also weakened to 1 AUD / 0.722 USD.

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