US EditionChina defense stocks surge as India-Pakistan tensions escalate: Bloomberg
- On the night of May 6-7, 2025, the Pakistan Air Force shot down five Indian fighter jets near the Line of Control during heightened India-Pakistan tensions.
- The incident followed India's air strikes in Pakistan-occupied Jammu and Kashmir, prompted by the Pulwama attack, with both sides exchanging accusations and denials.
- Pakistan asserted that its Chinese-manufactured J-10C and JF-17 fighter jets successfully downed five Indian aircraft—comprising three Rafales, a MiG-29, and an SU-30—along with an Israeli Heron surveillance drone, while maintaining that no Pakistani planes were lost during the encounter.
- Dassault Aviation's stock dropped 6% due to concerns over the Rafale jets' combat performance, while shares of Chinese manufacturer Chengdu Aircraft surged over 17%, reflecting market reactions.
- The escalation has stalled diplomatic talks and intensified debate on air combat reliability, with Pakistan pledging to defend its airspace and China-Pakistan defense ties appearing strengthened.
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Escalating tensions between India and Pakistan have led to a rise in shares of Chinese defense companies, following the alleged use of Chinese fighter jets by Pakistan.
Shares of Rafale maker plunge, China’s defence stocks advance as Pakistan downs IAF jets
KARACHI: Shares in Dassault Aviation -- the French manufacturer of the Rafale fighter jet -- plunged 6.0 per cent on Wednesday.The drop followed Pakistan’s air force shooting down five Indian...
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