AVIC Chengdu stock drops after earlier surge

news18.com

Shares of AVIC Chengdu, the maker of J-10 fighter jets, have fallen 17% in the last month following a 64% surge. This decline follows a period of heightened tensions. The stock price of the Chinese defense manufacturer rose sharply after the Pahalgam terror attack and Operation Sindoor, reaching 95.86 CNY. This increase was fueled by expectations of increased demand for fighter jets. The recent drop in stock value is attributed to easing tensions between India and Pakistan and Prime Minister Modi's challenge to Pakistan's claims. Other Chinese defense stocks also saw similar fluctuations.


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AVIC Chengdu stock drops after earlier surge | News Minimalist