Shares in South Korea’s Asiana Airlines shed 6.4 per cent today after one of its passenger jets crashed at San Francisco airport over the week-end, killing two people and leaving 182 injured.
In early afternoon trade, the firm’s share price stood at 4,790 won.
Investigators are looking into the cause of Saturday’s crash that killed two Chinese nationals, including a possible pilot error.
Yesterday, the Seoul-based carrier’s CEO Yoon Young-Doo said: “Currently, we understand that there are no engine or mechanical problems” with the plane, which was bought in 2006.
Despite the big losses in Asiana’s share price, Hyundai Securities analyst Bae Sung-Young told Dow Jones Newswires that the tragedy would unlikely have any long-term effect on South Korea’s second largest airline.
“The limited market impact will likely taper off in one or two days,” he said.