Qantas Airways is trading 4.91% down at A$8.90 as oil prices edged higher amid uncertainty over U.S.–Iran negotiations.
- The reversal followed the November 3 rally, which was linked to falling oil prices. Australian reporting said Qantas slumped 4.9% as fuel-bill-heavy companies declined.
- Qantas-specific coverage included the sale of 44 Boeing 737s, but did not link it to the drop.
- Trading volume was 7,301,187 shares.