Sunday 8 January 2017

AirAsia Down. Dollar Up. Redemption Song

Is the 1980 hit for Bob Marley taken from the album uprising.

With the Ringgit falling to 4.48 against the dollar, on Bursa Malaysia, investors are throwing AirAsia shares, pushing the stock down to RM2.18 a share.

Investors are playing the redemption song for AirAsia, as the carrier looks like it is getting whacked just as TenCent did in Hong Kong.