Islamabad: Following the downing of Indian aircraft by the Pakistan Air Force (PAF), the shares of Chengdu Aircraft Corporation—the Chinese manufacturer of JF-17 Thunder and J-10C fighter jets—saw a sudden surge.
Last night, the Indian Air Force launched attacks on six different locations within Pakistan from across the border, resulting in the martyrdom of 26 individuals and injuries to 46 others. Among the targets were mosques in Pakistan.
In response to the Indian aggression, the Pakistan Air Force shot down five Indian aircraft and drones, which included three Rafale jets, one MiG-29, and one Sukhoi aircraft.
Following the PAF’s decisive retaliation, Chengdu Aircraft Corporation’s shares rose by 18.18%.
Meanwhile, after the destruction of a total of five Indian fighter jets, including three Rafale aircraft, shares of Dassault Aviation—the French company that manufactures Rafale jets—saw a significant decline.
