China has lifted a ban on group tours to over 70 locations, giving a boost to Travel and airline stocks in Asia. The ban had been in place for six years, with South Korea being one of the countries affected due to the deployment of a defense system. However, with the lifting of the ban, South Korean airline and Travel Stocks saw a surge, with Lotte Tour Development shares spiking over 25% and Hotel Shilla shares surging 17%. Japan tourism stocks also saw gains, while Australian travel stocks remained relatively unchanged.

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