Breakout stock! Avic Chengdu Aircraft share price jumps amid Israel-Iran war. Do you own?
Avic Chengdu Aircraft share price: The latest flare-up in the tensions in the Middle East gave a fresh boost to shares of J-10 fighter jet maker — AVIC Chengdu Aircraft — driving them higher for the second day in a row. The fresh escalation in the Iran-Israel conflict has resulted in a nearly 15% rise in AVIC Chengdu Aircraft share price as investors believe that the rising tensions could likely drive the demand for Chinese defence equipment.
Although analysts highlighted that this rally is more sentiment-led and speculation-driven.
AVIC Chengdu Aircraft share price trend
AVIC Chengdu Aircraft share price rallied as much as 3.5% to 91.08 yuan in intraday trade on Monday, June 16, adding on to an 11.2% rally seen on Friday. The J-10…
