Asiana Airlines down sharply after crash

Shares in South Korea’s Asiana Airlines shed as much as 6.4 per cent on Monday after one of its passenger jets crashed at San Francisco airport over the weekend, killing two people and leaving 182 injured.

The losses come as analysts warned that Saturday’s tragedy could have a long-term negative impact on the firm as investigators look into what happened, with suggestions that it was caused by pilot error.

In early afternoon trade the firm’s share price sank to 4,790 won (HK$32.50) before picking up slightly to sit at 4,845 won, down 5.37 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1277915/asiana-airlines-down-sharply-after-crash