Jeju Air shares hit record low after a deadly plane crash in South Korea.
Shares of South Korean budget carrier Jeju Air hit their lowest level on record following a plane crash over the weekend.
AdvertisementOn Sunday, a Jeju Air plane traveling from Bangkok's Suvarnabhumi International Airport crashed at a South Korean airport crashed, killing 179 people.
Jeju Air's stock slumped as much 16% and was 8% lower at 12:23 p.m. local time on Monday.
Related Video Jet bursts into flames after crash with coast guard plane at Tokyo airportThe decline in Jeju Air shares comes on the back of a choppy month in South Korea's stock market amid political uncertainty.
Persons:
Yoon Suk, Han Duck, Choi Sang, mok, Yoon, —, Han, Choi, Mok, Douglas Kim, Kim
Organizations:
Jeju Air, Air, Bangkok's Suvarnabhumi, AK Holdings, Constitutional, Democratic Party
Locations:
South Korea, Korean, Tokyo, South