Boeing's stock fall in U.S. trading as China Boeing 737 plane crash

Boeing's stock dropped nearly 7% in overnight trade in the United States. This could be owing to the recent crash of the China Boeing 737 plane crash.

Seeing the plane was made in the U.S. The National Transportation Safety Board has assigned an investigator for the incident because the plane was constructed in the United States. It was unclear if the probe will entail a trip to China.

Investigators will try to recover "black boxes," which contain cockpit voice recordings and flight data. They'll probably look at the plane's previous trips, maintenance history, weather data, and pilot health as well.

Chicago-based Boeing said in a statement that its technical team “prepared to assist with the investigation led by the Civil Aviation Administration of China.” Also stating that is in communication with the U.S. transport safety board.

The Federal Aviation Administration in the United States said it was alerted of the incident and will help with the investigation "if asked."

Bodies or survivors are yet to be found from the China Eastern Airlines which occurred on Tuesday morning, as reported by the Chinese state media.

China's aviation authority reported that a domestic flight carrying 132 people on a Boeing 737-800 nosedived Monday afternoon in Guangxi's southern region.

There have been no confirmed casualties and the cause of the crash is yet unknown.

President Xi Jinping of China has authorized an investigation and rescue operations to the crash site in a rural, mountain area.

State media revealed that the missing people that were on the plane are yet to be found at the site where the crash occurred. According to reports, the plane wreckage has been found and the fire which was caused by the crash has been put off.

China Eastern Airlines has said that workers would be dispatched to the disaster scene and that a hotline for family members has been established.

An Independent Aviation analyst, Alex Macheras told CNBC on Tuesday “Air travel is the safest form of transport. But when we do suffer incidents or accidents, we don’t see anything like what we have seen in China over the last 24 hours”.

He added “This nosedive was simply unprecedented, especially from cruising altitude. We’re talking about the safest phase of the flight. That’s why those answers are going to be needed as soon as possible to determine.”

The black box, according to Macheras, will “ultimately push investigators into the right direction, in that quest for answers.”

“As the nature of the crash remains completely unexplained, what role the aircraft was playing will be the question on so many regulators’ mind worldwide”...“There is always that risk and that’s why investigators will be wanting to rule out whatever they can. But as we say, the black box is what’s going to contain the most impact.” he said.