Cathay Pacific shares fall on China warning

Hong Kong: Shares in Hong Kong's flagship carrier Cathay Pacific plunged more than four per cent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland.

Cathay shares lost 4.37 per cent to HK$9.85 by the break in Hong Kong, with the carrier's parent company Swire Pacific Ltd. plunging 5.26 per cent to HK$77.50.

The nosedive comes as the airline is caught up in pro-democracy protests that have rocked Hong Kong for more than two months.On Friday, Beijing's aviation regulator ordered Cathay to submit a list of the identities of staff working on flights to the mainland or passing through its airspace.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in