Qantas Airways Ltd, Australia's biggest airline, slid 1.5 percent to A$3.38. Qantas shares have dropped 12 percent this year following a slump in travel demand after the outbreak of severe acute respiratory syndrome and war in Iraq.
"There may be an increased level of uncertainty in the very short term," said Tim Julien, who oversees about US$420 million in Asian assets excluding Japan at ING Investment Management Asia Pacific Ltd in Australia. "But I don't think there's going to be panic in any market and we won't change our investment strategy because of this type of political event."
RSS