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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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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