China defence stocks slump after India-Pakistan ceasefire
MUMBAI: Stock prices of defence equipment manufacturers in China witnessed selling on Tuesday following the ceasefire declared by India and Pakistan. China supplied Pakistan with fighter jets and missiles, among other defence capabilities.
On Tuesday, the stock price of Avic Chengdu Aircraft, the makers of Chinese fighter jets J-10 and other models, fell over 9% during trading on the Shenzhen bourse. The stock price of Zhuzhou Hongda Electronics Corp, the makers of PL-15 and other missiles, closed 6.3% lower on the same bourse.
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On Tuesday, the stock price of Avic Chengdu Aircraft, the makers of Chinese fighter jets J-10 and other models, fell over 9% during trading on the Shenzhen bourse. The stock price of Zhuzhou Hongda Electronics Corp, the makers of PL-15 and other missiles, closed 6.3% lower on the same bourse.
Stay informed with the latest business news, updates on bank holidays and public holidays.
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