Monday, 10 March 2014

Malaysia Airlines stock sharply lower!

malay air
Malaysia Airlines Flight 370 from Kuala Lumpur to Beijing disappeared an hour after takeoff on Saturday.

Shares of Malaysia Airlines were sharply lower by as much as 20% Monday morning after a plane departing Kuala Lumpur went missing, contributing to a regional slump in Asian markets.

The passenger jet, Malaysia Airlines Flight 370, disappeared an hour after takeoff Saturday morning en route to Beijing. At least two of the 227 passengers boarded with stolen passports, raising the possibility of terrorism. Search teams deployed by a number of countries have spotted oil slicks and some debris, suggesting the plane may have crashed, though this has yet to be confirmed.
Stocks in Kuala Lumpur posted a 0.6% drop, with Malaysia Airports plunging as much as 5% in morning trading.

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