The stock market saw a significant surge in the shares of Chengdu Aircraft Corporation, the Chinese manufacturer of the JF-17 Thunder and J-10C fighter jets, following a major military response by the Pakistan Air Force (PAF) to Indian aerial aggression. The PAF shot down five Indian aircraft and drones, including three Rafale jets, in a retaliatory operation that has raised global attention.
The 18.18% increase in Chengdu Aircraft Corporation’s shares highlights the growing recognition of Chinese-made fighter jets, particularly after the Pakistan Air Force’s successful counteroffensive. The rise in the stock price is a direct result of the PAF’s impressive response, which has captivated military and financial circles worldwide.
Also Read: Pakistan Army Downs Another Indian Drone, Continues Strong Response to Aggression
The surge in military tensions began after the Indian Air Force (IAF) launched an airstrike targeting six sites across Pakistan, which led to 26 fatalities and 46 injuries. The airstrikes, including attacks on mosques, have further escalated the conflict between India and Pakistan, both nuclear-armed nations.
In response, the Pakistan Air Force swiftly launched a counteroffensive, downing five Indian aircraft, demonstrating its defensive capabilities and further influencing the international recognition of Chinese aircraft technology.
