Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value

//Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value

Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value

Boeing Co’s stock took another beating on Tuesday, knocking off more than US$25 billion from the aerospace manufacturer’s market value over the past two days, as more countries lined up to ground its 737 MAX 8 aircraft following Sunday’s deadly crash in Ethiopia.Britain joined China, Malaysia, Singapore, Australia and other countries in banning the 737 MAX planes, squeezing the shares, which had been one of best performing stocks so far this year on the Dow Jones Industrial Average. …

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By | 2019-03-12T17:42:26+00:00 March 12th, 2019|World|Comments Off on Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value