India And in the recent struggle between Pakistan, Pakistan has suffered a tremendous defeat. India’s missiles and drones have exposed Pakistan’s security system. India first demolished 9 terrorist bases in Pakistan and PoK. After this, 12 airbases were destroyed in Pakistan. With this, China’s defense weapons have also been exposed. The air defense system purchased by Pakistan from China has proved to be completely useless. On the other hand, the Chinese fighter jet of the Pakistani Army also went out. The effect of this was that for the last few days, there is a major decline in Chinese defense stocks. Pakistan buys about 80 percent of its weapons from China. In this way, this struggle between India and Pakistan will also affect China’s arms exports.
China’s dream was crushed
This struggle between India and Pakistan will dream of becoming a big weapon of China to become an exporter. This is the reason that Chinese defense stocks are seeing a major decline. After more details of India-Pakistan struggle, it has become clear through satellite image that China’s weapons have failed badly to protect Pakistan. Let us know that between 2020 and 2024, China had a 5.9 percent stake in Global Arms Export. This figure is less than the period 2015 to 2019. While China is trying to increase its weapon exports worldwide. At the same time, many importing countries of the world do not import weapons from China for political reasons. Between 2020 and 2024, about 63 percent of the Arms exports of China were only in Pakistan.
J-10 fighter jet company shares fall
The shares of Avic Chengdu Aircraft, the Chinese defense company that produces J-10 fighter jets, have fallen more than 11 per cent in three days. After the speech of PM Narendra Modi on the tremendous success of Operation Sindoor, there was a big decline in this stock. While the shares of Indian defense companies are rising. Avic Chengdu Aircraft shares opened on 87.88 yuan today. During the trading, it was seen trading at 85 yuan with a decline of 6 per cent. The stock has fallen by 11.50 percent since Monday. However, earlier this stock had seen a huge rise.
Sugar Defense Index declines
From the failure of the Air to Air Missile Advance PL-15 to the complex spread of the HQ-9 air defense system, Pakistan’s crushing defeat has created large douts among the existing and potential buyers over Chinese military hardware. Heng Seng China A Aerospace and Defense Index fell 70 points to trading at 4,153 on Thursday. On the other hand, Zhuzhou Hongda Electronics Corp’s stock was seen trading with a decline of 2.23 per cent.
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