Asian Airline Stocks Rally as Oil Prices Retreat
Asian aviation shares rose as oil prices fell after President Trump played down the risk of escalation in the Iran war. The report said prospects of lower jet-fuel costs drove regional gains.
By Kwanwoo JunAsian airline stocks rallied Tuesday as oil prices fell after President Trump played down the risk of an escalation in the Iran war.Prospects of lower jet-fuel costs drove gains in aviation stocks across the region.In South Korea, shares in the country's top flag carrier Korean Air Li…