Airline and travel-related stocks lead rally in Asian markets
ASIAN stock markets rose yesterday, buoyed by the overnight rally on Wall Street on robust US company earnings and indications that the Severe Acute Respiratory Syndrome (SARS) outbreak may be easing.
Airline and travel-related stocks, which have been hard hit since the SARS outbreak in mid-March, were among the top gainers. The easing of tension between the US and North Korea appears to have helped investor sentiment in the region as well.
An analyst said all this was definitely good news for stock markets, which have been depressed owing to the war on Iraq and outbreak of SARS
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