TransAsia Shares Extend Declines After Plane Crashes in Taipei
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TransAsia Airways Corp. shares extended their decline in Taipei trading after the Taiwanese airline suffered a second fatal accident in less than a year.
The stock fell 4.5 percent to NT$11.60 at 9:22 a.m. in Taipei, after being down by as much as the 7 percent daily limit. The stock fell 6.9 percent yesterday after Flight 235 crashed shortly after takeoff from Songshan domestic airport in downtown Taipei, killing at least 31 people and injuring 15.