FX.co ★ Malaysia Airlines shares in nose-dip

The disaster happened to the airplane operated by Malaysia Airlines gave a jolt to the market price of the company’s shares. As the news about a possible crash of the plane surfaced, the company’s shares tumbled 20 percent. The record nosedive to 0.2 Malaysian ringgits (approximately 0.061 U.S. dollars) per share resulted in a close at 0.25 ringgits. The missing Malaysian Airlines jet with 239 passengers aboard and a crew triggered robust market reaction. According to official information, Boeing 777-200 disappeared on radar an hour after taking off from Kuala Lumpur for Beijing. There were two passengers on board carrying false passports. Interpol confirmed this information and it is under investigation now. Meanwhile, the rescue operation bears no fruit. For the time being, there is no information about the fate of the vanished Boeing 777-200. No debris or bodies were found. The search and rescue operation embracing a swath part of the South China Sea is massive, involving international organizations and military forces. The managers of the rescue and search team think that it is worth scanning for the jet near the point of last radar contact with the airplane, near the Strait of Malacca. Malaysia Airlines is a large airline company making voyages to Asian and European countries as well as to the USA.