Malaysian Airline System Bhd. (MAS) shares tumbled the most in nine weeks after one of its planes was shot down in Ukraine, four months after the disappearance of Flight 370 contributed to the carrier’s biggest loss since 2011.
The stock lost 11 percent to 20 sen at the midday break in Kuala Lumpur, extending this year’s drop to 35 percent, while Malaysia Airports Holdings Bhd. (MAHB) fell 4.9 percent. The FTSE Bursa Malaysia KLCI Index retreated 0.5 percent and Malaysia’s ringgit weakened 0.4 percent versus the dollar. The Bloomberg World Airlines Index slipped 0.1 percent, following a 2 percent tumble yesterday amid speculation the crash will deter fliers.
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