Why is China’s J-10 jet maker Avic Chengdu Aircraft share price falling after Modi’s strong message against terrorism?
Avic Chengdu Aircraft share price: The stock of Chinese defence company Avic Chengdu Aircraft, which manufactures the J-10 fighter jets used by Pakistan’s air force against India, has come under selling pressure following the successful completion of India’s Operation Sindoor and a strong-worded message by Prime Minister Narendra Modi regarding intolerance of any kind of terrorism.
Against this backdrop, Avic Chengdu Aircraft share price has seen a volatile few days, falling in two of the last three trading sessions. On Thursday, the Chinese defence stock opened at 87.74 yuan, down 3% from its last closing price of 90.35 yuan. It later extended losses, falling 6.30% to the day’s low of 84.65 yuan.
In the three trading sessions, Avic…
