- Wallabies sense 'massive' chance to upset All Blacks
- Taiwan questions two in probe into Hezbollah pagers
- Viral Korean Olympic shooter scores first acting role as assassin
- Farrell set for 'challenge' of downing Bordeaux in Top 14
- Springbok Etzebeth diverts attention from looming caps record
- Inter on a high ahead of Milan derby as Napoli face Juve test
- Bank of Japan leaves key interest rate unchanged
- Arnold quits after six years in charge of Australia
- Asian markets track Wall Street record to extend global rally
- Guirassy and Anton to return to Stuttgart with new side Dortmund
- Marseille bidding to continue 'almost perfect' Ligue 1 start
- Arnold quits as coach of Australia men's football team
- Harris and Oprah hold star-studded US election rally
- Allies to remember failed WWII parachute operation
- Perez leading new-look Villarreal charge against leaders Barca
- Man City face Arsenal in Premier League title showdown, Postecoglou under pressure
- Fake celebrity endorsements, snubs plague US presidential race
- Documentary brings Argentine 'death flights' to the big screen
- Strike shows challenge to Boeing 'reset' of labor relations
- World leaders to gather at UN as crises grow and conflicts rage
- How plastic pollution poses challenge for Canada marine conservation
- Scientists track plastic waste in pristine Canada marine park
- South Africa's Buhai grabs LPGA Queen City lead
- Japan inflation firms to 2.8% ahead of BoJ rate decision
- Russia's Kadyrov accuses Musk of 'remotely disabling' his Cybertruck
- Titan sub had to abort a dive days before fatal implosion: testimony
- Ohtani makes MLB history with first 50-homer, 50-steal season
- Ohtani eyes MLB history after surpassing 50 stolen bases, 49 homers
- Ohtani eyes MLB history after surpassing 50 stolen bases
- Barca downed by Monaco as Arsenal held in Champions League stalemate
- Head's 'good night at office' after century seals win over England
- Dubois seeks legitimacy with Joshua scalp
- Rate cut could lift consumer spirits before US elections
- Last-gasp Gimenez strike sends Atletico past Leipzig
- Barca stumble at Monaco after early red card
- Raya heroics save Arsenal in Champions League opener at Atalanta
- Cathay Airbus engine fire linked to cleaning: EU regulator
- Guardians beat Twins to secure MLB playoff berth
- Jihadist attack in Mali capital killed more than 70: security sources
- Alonso hails 'efficient' Leverkusen after Feyenoord rout
- Head's hundred seals Australia win over England in 1st ODI
- Ex-Man United striker Anthony Martial joins AEK Athens
- NFL unbeatens meet as Texans visit Vikings, Steelers host Chargers
- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
- Dream debut for Wirtz as Leverkusen thump dire Feyenoord
- Myanmar flood death toll climbs to 293: state media
- Israel army says West Bank air strike kills 4 militants
- LIV golfers get green light for US Ryder Cup team, PGA Championship
- US accuses social media giants of 'vast surveillance'
- Ten Hag to bed Hojlund, Mount in carefully when they return for Man Utd
Boeing shares tumble after fatal China crash
Boeing shares dove early Monday following the fatal crash of one of its jets in China, where the US aviation giant was poised to soon resume deliveries of the 737 MAX.
The crash involved a Boeing 737-800 -- a different model from the MAX -- operated by China Eastern and carrying 123 passengers and nine crew members, according to Chinese aviation authorities.
Shares of Boeing fell 5.6 percent to $182.06 in mid-morning trading, making it the biggest loser in the benchmark Dow Jones Industrial Average.
The disaster prompted an unusually swift public reaction from President Xi Jinping, who said he was "shocked" and ordered an immediate investigation into its cause.
The drop in shares likely reflects worries the delivery timeframe for the MAX will slip as Chinese authorities investigate the crash.
Boeing's airline deliveries are closely tied to the company's revenue profile. A delay in Chinese deliveries could also potentially affect Boeing's plans to ramp up manufacturing of the MAX.
Boeing did not directly address questions from AFP on how the crash could affect MAX deliveries.
"We are aware of the initial media reports and are working to gather more information," a Boeing spokesman said.
China in December became the last major aviation authority to clear the MAX for service following a prolonged grounding that began in March 2019 after the second of two fatal crashes of the plane, which together claimed 346 lives.
In January, Boeing officials expressed confidence that MAX deliveries could resume in China in the first quarter, which ends in 10 days.
Boeing Chief Executive David Calhoun said Chinese officials had undertaken a "perfectly predictable and methodical" approach to certifying the MAX.
"They're taking test flights in a very methodical, intelligent way," Calhoun said on a January 26 conference call with Wall Street analysts.
"I feel confident only because of every tea leaf I've been able to watch here, and they're following through every commitment they've made," Calhoun said.
O.Krause--BTB