Asian travel stocks fall on omicron fears


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Airline and travel-related stocks were broadly lower in early Asian trade, weighed by investor concerns over the spread of the Omicron COVID-19 variant, which has prompted tighter border controls in some countries. China Southern Airlines Co. 1055, -3.90% slipped 4%, Cathay Pacific Airways Ltd. 293, -3.85% fell 3%, Korean Air Lines Co. 003490, -1.65% was down 0.5% and Singapore Airlines Ltd. C6L, -2.38% declined 1.8%. Samsung C&T Corp. 028260, -2.70% , which operates South Korea’s largest theme park, Everland, was off 2%, while Singapore-listed airline servicing company SATS Ltd. S58, -1.76% fell1.3%. Luggage maker Samsonite International S.A. 1910, -3.61% fell...