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Low oil alone can't support CEA, ZNH

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decline August 24, 2015 (Wall Street News.Today) It's not just the price of oil that drives Chinese airliners anymore. China Eastern Airlines (NYSE:CEA) as well as China Southern Airlines (NYSE:ZNH) have fallen victim to the overall market weakness in China. And just how much of a rout there has been - see chart below. Money flows and index of the Chinese transportation sector.

 

 

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