Malaysia Airlines shares fall to record low
The disappearance of flight MH370 has sent shares of Malaysia Airlines to their lowest level in 15 years. The ringgit has also fallen 0.5% against the US dollar.
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GiMAS shares hit record low after MH370 disappearance. Source: Yahoo Finance |
Shares of Malaysia Airlines System (MAS) fell about 8% in morning trading to their lowest level since 2000. During the trading session, the code fell as much as 12% - the biggest drop since late 2012 - to 0.22 ringgit. This is considered a consequence of the disappearance of the airline's Boeing 777 2 days ago.
On the Malaysian stock market, the FTSE Bursa Malaysia KLCL index also fell 0.5% at the opening this morning. At the same time, the ringgit also lost 0.5% against the USD.
Malaysia and several countries are searching for the missing Boeing 777-200 MH370, which disappeared near the Gulf of Thailand en route to Beijing (China) with 239 people on board, including crew. The fate of the missing plane remains unclear.
Vietnam and international rescue forces began search operations in the morning of the same day, with a total of 21 planes and 39 ships. Vietnam alone prepared a force of 9 planes and 11 ships of various types.
According to reading the newspaper
