AirAsia shares lose 7% in Malaysia after jet disappears
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KUALA LUMPUR (AFP) - Shares in AirAsia, Southeast Asia's biggest budget airline, lost more than seven percent in morning trading on Monday in Kuala Lumpur after one of its jets disappeared with 162 people on board.
The firm slumped 12 percent to 2.60 ringgit at the open but recovered slightly to sit at 2.72 ringgit, still down 7.48 percent, by 0215 GMT.
The Airbus jet disappeared en route from Surabaya in Indonesia's east Java to Singapore after the crew requested a change of flight plan due to stormy weather.
