India-Pakistan conflict: J-10 fighter jet maker AVIC Chengdu Aircraft share price tanks 18% in a month. More pain ahead?
AVIC Chengdu Aircraft share price: The Chinese defence company and maker of J-10 fighter jets — AVIC Chengdu Aircraft — has seen a sharp trend reversal, with the stock falling 18% in the last one month amid the easing India-Pakistan conflict.
Moreover, AVIC Chengdu stock has also faced a setback after India dismantled claims by Pakistan that Chinese-made jets had managed to destroy an army airbase in the country.
Why is AVIC Chengdu stock falling?
While the AVIC Chengdu share price skyrocketed during the four-day India-Pakistan military conflict, it declined as the tensions eased. From its peak of 95.86 yuan a month ago on May 12, the Chinese defence stock has tanked 18% to 78.68 yuan on Wednesday, June 11.
The Chinese defence stock has…
