AirAsia Bhd. shares slid as much as 13 percent to 2.56 ringgit and was 8.2 percent lower at 11:31 a.m. local time. Shares were cut to a trading sell from buy at Hong Leong Investment Bank Bhd., which lowered its price target to 2.64 ringgit from 3.15 ringgit. AirAsia X Bhd., the long-haul arm of AirAsia, fell 6.6 percent. The FTSE Bursa Malaysia KLCI Index was little changed.