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J-10 fighter jet maker AVIC Chengdu share price crashes 5% after Asim Munir-Donald Trump meeting

J-10 fighter jet maker AVIC Chengdu share price crashes 5% after Asim Munir-Donald Trump meeting

Mint19-06-2025
AVIC Chengdu Aircraft share price: The Chinese defence stock, AVIC Chengdu Aircraft, cracked 5% in intraday deals on Thursday following a sharp rally a day ago.
The stock, which manufactures J-10 fighter jets used by Pakistan against India in the latest military flare-up, had surged nearly 10% on Wednesday ahead of a meeting between Pakistan Army Chief Munir and US President Donald Trump at the White House. However, today, the stock reversed course amid a lack of any announcements, which dampened sentiment. Analysts had signalled that any positive developments could have acted as a fresh trigger, but a lack of announcements could dampen sentiment.
AVIC Chengdu Aircraft share price opened at 86.59 yuan, lower than the last closing price of 88.93 yuan. The J-10 fighter jet maker's stock further tumbled to the day's low of 84.26 apiece, recording a 5.25% decline over the last close.
The stock has declined in three of the last five trading sessions, yet it managed to gain around 9% during this period. The monthly trend for AVIC Chengdu Aircraft shares remains strong on a monthly basis, with the scrip rising 31% in May and 11% in June so far.
This was Munir's first meeting with Donald Trump in the wake of the Iran-Israel war and following military clashes with India.
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