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LONDON, United Kingdom – Shares in German airline Lufthansa and European planemaker Airbus tumbled Tuesday after a Germanwings plane crashed in the French Alps, with all 148 people on board pronounced dead.
The Airbus A320 jet, operated by Lufthansa budget division Germanwings, came down near a ski resort in the Barcelonnette area in southeastern France on its way from Barcelona to Duesseldorf, officials said.
France’s transport minister said there were “no survivors” from the crash.
In late morning deals, Lufthansa’s share price dived 4.61% to 13.15 euros in Frankfurt, the worst performer on the German stock market.
Airbus shares sank 2.08% to 58.75 euros, also making it the heaviest faller in Paris. Markets were steady overall.
Frankfurt’s DAX 30 index was down 0.07% to 11,886 points and the CAC 40 in Paris edged up 0.06% to 5,057.60 points.
London’s FTSE 100 index of leading shares was 0.07% higher at 7,042.20 points.
“Tragically, market movement cannot always been driven by pure stats,” said Connor Campbell, analyst at Spreadex trading group.
“News that a Germanwings plane has crashed in the south of France caused a fall in (the share price of) Lufthansa… alongside Airbus, the plane’s manufacturer,” he told the Agence France-Presse. – Rappler.com
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