Boeing stock shares plunged 7 percent at the Frankfurt Stock Exchange and Stuttgart Stock Exchange on Monday afternoon, after a Boeing 737 MAX aircraft operated by Ethiopian Airlines crashed Sunday morning, killing all 157 on board. 

Members of the search and rescue mission look for dead bodies of passengers at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. (Photo: VCG)

Ethiopian Airlines said Monday that it had grounded its Boeing 737 MAX fleet. China has also ordered domestic airlines to temporarily suspend using Boeing 737 MAX aircraft.

This was the second time in less than five months that the same model was involved in a deadly crash.