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. HK:1055 slipped 4%, Cathay Pacific Airways Ltd. HK:293 fell 3%, Korean Air Lines Co. KR:003490 was down 0.5% and Singapore Airlines Ltd. SG:C6L declined 1.8%. Samsung C&T Corp. KR:028260, which operates South Korea’s largest theme park, Everland, was off 2%, while Singapore-listed airline servicing company SATS Ltd. SG:S58 fell1.3%. Luggage maker Samsonite International S.A. HK:1910 fell 3.0%. Hong Kong-listed casino shares were also down...