Asia-Pacific markets fell on the second-to-last trading day of 2024, influenced by Wall Street's decline and a deadly plane crash in South Korea. Jeju Air shares plunged after a crash at Muan International Airport, claiming 179 lives. Meanwhile, China's manufacturing PMI is anticipated this week, while markets will be closed for New Year's Day.
Asia-Pacific markets traded lower on the penultimate trading day of 2024, after Wall Street declined on Friday.
South Korea's deadliest air disaster occurred on Sunday, claiming 179 lives when a Jeju Air plane crashed into a wall at Muan International Airport, bursting into flames. Shares of Jeju Air dropped 13% at the open.occurred on Sunday, claiming 179 lives when a Jeju Air plane crashed into a wall at Muan International Airport, bursting into flames. Shares of Jeju Air dropped 13% at the open.in November, greater than the 0.4% decline expected by Reuters.
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