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China Eastern Air, China Southern Downgraded by Daiwa

Jan.05 -- Kelvin Lau, executive director of Daiwa Capital Markets, discusses the prospects for Chinese transportation companies. Daiwa downgraded Hong Kong-listed shares of China Eastern Airlines Corp. and China Southern Airlines Corp. in December from "buy" following the airlines’ recent vaccine-fueled rebound. Lau speaks with Rishaad Salamat and Haslinda Amin on "Bloomberg Markets: Asia."