SINGAPORE, June 13 -- Singapore Airlines (SIA) shares slid this morning after a deadly crash involving Air India Flight AI171, raising fresh concerns for investors linked to the Indian carrier.

SIA holds a 25.1 per cent stake in Air India.

According to The Straits Times, the Singapore national carrier's stock was down 13 cents, or 1.8 per cent, at S$6.90 as at 9.30am, following news that at least 265 people were killed when the London-bound flight crashed shortly after take-off from Ahmedabad yesterday.

The Straits Times Index also dropped 0.5 per cent amid wider regional declines triggered by renewed Middle East tensions and rising oil prices.

SIA's exposure to Air India stems from a 2024 merger between the Indian flag carrier and Vi...