Shares in the operator of China’s Shenzhen airport surged on Tuesday, the day after large-scale anti-government protests temporarily forced the closure of nearby Hong Kong airport, one of the world’s busiest.
In morning trading, Shenzhen International Airport soared as much as 9.5 per cent, putting the stock on track for its biggest one-day gain since February. The upswing came after demonstrators flooded Hong Kong’s airport to protest alleged police use of force against protesters over the weekend, forcing the hub to suspend outgoing flights.
Flights from Hong Kong’s airport, the world’s third-busiest in terms of passenger traffic, were gradually resuming on Tuesday, but tensions remain high following ten consecutive weekends of protests in the Asian financial hub.