Travel stocks rally on Aussie reopening

Thu, 11 Mar 2021

Travel stocks rallied after the Australian government announced a billion-dollar support package for airlines and signalled international travel would resume in October. The S&P/NZX 50 Index rose 20.58 points, or 0.2%, to 12,272.48. Within the index, 29 stocks rose, 16 fell and five were unchanged. Turnover was $165.5 million.“The big news of the day was out of Australia where they signalled the borders would be reopened at the end of October,” said Brad Gordon, an investment adviser at Hobson Wealth Partners. The stoc...

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