BUZZ-Boeing shares fall; South Korea orders probe after plane crash
** Shares of planemaker Boeing BA.N pare some premarket losses to trade down 3.2%
** A Boeing 737-800 jet operated by South Korea's JejuAir 089590.KS crashed on landing at Muan International Airport on Sunday, killing 179 people.
** Investigators are examining bird strikes, whether any of the aircraft's control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, officials have said.
** "While the cause of the crash remains under investigation, it brings more reputational damage in what has been a dismal year for the group", says Aarin Chiekrie, equity analyst, Hargreaves Lansdown.
** South Korea's acting President Choi Sang-mok on Monday ordered airline safety probe after worst domestic crash
** As of last close, shares down 30.67% YTD
(Reporting by Sanchayaita Roy in Bengaluru)
((sanchayaita.roy@thomsonreuters.com))
Related Articles
China July Money Supply Commentary: M2 Growth Rises More Than Expected
The relatively large increase in M2 mainly stems from two factors: first, the impact of a low base formed by the relatively low growth rate of M2 in the same period last year; second, the resolution of debts has promoted the improvement of corporate capital flows.
Applied Materials Q3 Earnings: AI Demand Soars, but Cautious Guidance Triggers After-Hours Selloff
TradingKey - Applied Materials, Inc. (NASDAQ: AMAT) announced its Q3 FY2025 earnings on August 14, 2025, after market close, reporting strong revenue fueled by AI-related semiconductor demand, which beat expectations. However, cautious Q4 guidance, including EPS below analyst estimates.jpg)
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
U.S. Stocks Surge Wednesday on CPI Data and Strong Bank Earnings
TradingKey - The U.S. stock market rebounded from early January's gloom as core consumer price inflation came in better than expected and some of the largest banks kicked off earnings season on a positive note.
Central Economic Work Conference: China Stocks Fall on Lack of Positive Policy Surprise
TradingKey - For investors in China’s equity markets, the various annual meetings of China’s policymakers are important events. That’s because the macroeconomic considerations – and moves – are much more important in China’s economy, where the government has a big role to play in the execution of bo
