Chinese fighter jet maker’s stocks soar after Pakistan downs Indian planes

Tensions rise between India and Pakistan after a deadly airstrike. Reports say the Indian Air Force carried out airstrikes on six locations inside Pakistan late at night.

The strikes killed 26 civilians and injured 46 others. Some of the attacked places included mosques. This caused strong anger and protests across Pakistan.

In response, the Pakistan Air Force (PAF) launched a counter-attack. Pakistani jets shot down five Indian aircraft and drones. These included three Rafale fighter jets, one MiG-29, and a Sunhui surveillance plane. The action was seen as a strong show of Pakistan’s defense capabilities.

After the clash, the stock market reacted quickly. Shares of Chengdu Aircraft Corporation, the Chinese company that makes the JF-17 Thunder and J-10C fighter jets, saw a big jump. The company’s stock price went up by 18.18%. Experts say this happened because investors were happy with how well the Chinese-made jets performed in battle.

Meanwhile, shares of Dassault Aviation went down. This French company makes the Rafale jets used by the Indian Air Force. The decline happened in the Varpi stock market after news spread that three Rafales were shot down. Market experts believe that the loss of these jets hurt investor trust.

The Rafale is known for its modern technology and power. It is one of the most advanced aircraft in India’s air force. But this recent loss has raised questions about its strength in real combat situations.

This incident has increased tensions in South Asia. Many people are now watching closely to see what happens next.