Boost for Chinese defence stocks: Shares surge after Pakistan said it intends to buy China's J-35 stealth fighter jets; first international sale
AVIC Shenyang Aircraft Company, which manufactures the J-35 stealth fighter jet, saw its shares rise by the maximum daily limit of 10%. (AI image)
Chinese defence companies saw a surge in share prices on Monday following Pakistan's announcement of its intention to purchase advanced fighter aircraft from China.
AVIC Shenyang Aircraft Company, which manufactures the J-35 stealth fighter jet, saw its shares rise by the maximum daily limit of 10% in Shanghai, continuing its upward trend for the third straight session.
Other defence-sector companies also witnessed significant gains, with Aerospace Nanhu Electronic Information Technology Co. experiencing up to 15% increase in share value, according to a Bloomberg report.
On Friday, Pakistan's government announced via social media its plans to acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems.
China is set to make its first international sale of the J-35 fifth-generation fighter jet to Pakistan. This advanced aircraft, featuring sophisticated stealth capabilities for airspace penetration, was manufactured by Shenyang Aircraft Corporation and showcased at the 2024 Zhuhai Airshow.
Pakistan's military capabilities would be enhanced with the KJ-500 aircraft, offering improved radar coverage and operational flexibility in regional conflicts.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
Undo
Additionally, the HQ-19 surface-to-air missile systems would strengthen their ballistic missile defence capabilities, the Bloomberg report said.
The regional military landscape is evolving, as evidenced by Indonesia's consideration of Chinese J-10 jets. Although Indonesia has previously acquired munitions and surveillance equipment from China, this would be their first purchase of Chinese fighter aircraft, marking a shift from their traditional reliance on American and Russian manufacturers.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
26 minutes ago
- Time of India
Andhra Pradesh attracted Rs 9.2 lakh crore investments in 11 months, says industries minister Bharat
1 2 3 Visakhapatnam: Industries minister TG Bharat on Tuesday said the NDA govt in the state had drawn investments worth 9.2 lakh crore within 11 months — an achievement the previous YSRCP regime failed to match in five years. The investments are expected to generate over 8.5 lakh employment opportunities. Addressing the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 as chief guest, Bharat emphasised the govt's industry-first approach. "Our focus is on restoring investor confidence and addressing the long-standing concerns of the industrial sector," he noted. Highlighting reforms, Bharat said Andhra Pradesh now has among the most competitive industrial policies in the country. He urged entrepreneurs to leverage state-provided incentives and cited the "Speed of Doing Business" initiative for expediting approvals. He also called on businesses to participate in the P4 (People-Public-Private Partnership) model for inclusive growth. Visakhapatnam MP M Sribharat urged industry leaders to identify challenges and offer transformative ideas. "Your innovation could be the game changer Andhra Pradesh needs," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나이들어 노안+백내장 절대 방치 하지 마세요! 부산백내장노안 전문안과 더 알아보기 Undo FAPCCI president Kankatala Mallikharjuna Rao commended the state's MSME policy, highlighting its generous incentives for tourism projects. These include a five-year 100% SGST exemption from the start of commercial production, full reimbursement of land conversion fees, and industrial tariffs for power bills. He assured that all reimbursements would be processed within six months. Awards were presented in 11 categories. Nekkanti Sea Foods Ltd, Visakhapatnam, was honoured for Excellence in Agri & Aqua Based Industries. Other winners are Ananda Enterprises (Export Performance – MSEs), Efftronics Systems (Product Innovation), and Ms. Annandi Suneetha (Outstanding Women Entrepreneur). Recognitions were also given to Steelon Call (Start-up), Divi's Laboratories (CSR), ITC – Agri Division (Employee Welfare), CCL Products (All Round Performance), Dalmia Cement (Green Energy), Aravind Industries (Rural Entrepreneurship), and Sarda Metals (Export – Large & Medium Enterprises).
Time of India
27 minutes ago
- Time of India
City shift: Housing ministry lays roadmap for Smart Cities SPVs beyond mission deadline; new advisory proposes five-pronged role in urban development
The ministry of Housing and Urban Affairs on Tuesday issued a detailed advisory to repurpose the Special Purpose Vehicles (SPVs) created under the Smart Cities Mission , aiming to leverage their institutional capacity for long-term urban transformation even after the scheme's closure on March 31. The advisory encourages states and Union Territories to identify pressing urban development priorities and assign new strategic roles to the SPVs, which were originally formed to plan and execute city-level infrastructure projects under the 2015 Smart Cities Mission. According to the ministry, the SPVs will now be guided to operate in five broad domains: technology support, project implementation, consulting, research and assessment, and investment facilitation. These areas reflect an effort to integrate SPVs more closely with ongoing state and city development agendas. The government noted that over the past decade, Smart Cities SPVs have demonstrated their ability to deliver complex, cross-sectoral projects with efficiency and innovation. The ministry also highlighted the investments made in establishing Integrated Command and Control Centres (ICCCs), which have played a key role in urban governance and data-driven decision-making. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologist: Just Add 1 Drop Of This Household Item To Any Dark Spot And Wait 3 Minutes Dark Spot Corrector With the Smart Cities Mission officially concluded, the Centre's move to repurpose SPVs is aimed at sustaining the momentum of urban innovation and reinforcing the technical and managerial capacity of Urban Local Bodies. The advisory is intended as a strategic framework for states to ensure that these purpose-built institutions continue to address evolving urban challenges in areas such as infrastructure, technology, and service delivery. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
35 minutes ago
- Time of India
AT&T suffers massive breach: Hackers steal data of over 86 million customers; what the company said
AT&T has reportedly suffered a massive data breach, with hackers gaining access to the personal data of over 86 million customers. Currently, the telecom provider has nearly 100 million customers in the US, and hackers have reportedly uploaded the personal information of most of them on the dark web. According to a report from Hack Read, the leaked details include full names, dates of birth, phone numbers, email as well as physical addresses of AT&T customers. The report claims that more than 44 million Social Security Numbers were also reportedly part of the data leak. Individually, these data sets pose privacy risks; when combined, they could help in the creation of complete identity profiles for defraud or identity theft, the report adds The stolen data is reportedly fully decrypted. It was initially posted on a Russian cybercrime forum last month, and then re-uploaded to the same forum earlier this month. Hackers reportedly gained access to the data through accounts lacking multi-factor authentication. The report also connected the latest leak to an original hack attributed to the ShinyHunters group in April 2024. What AT&T said about the latest data breach In a statement to Hack Read, an AT&T spokesperson said: 'It is not uncommon for cybercriminals to re-package previously disclosed data for financial gain. We just learned about claims that AT&T data is being made available for sale on dark web forums, and we are conducting a full investigation.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo As per the report, the original seller of the exposed data claimed the leak is 'originally one of the databases from the Snowflake breach .' However, HackRead's analysis found this breach contains about 16 million more records than the earlier one. AT&T also acknowledged that security researchers had questioned any connection between this breach and the original 2024 incident. 'After analysis by our internal teams as well as external data consultants, we are confident this is repackaged data previously released on the dark web in March 2024. Affected customers were notified at that time. We have notified law enforcement of this latest development,' the company further noted. Users who want to check if their data was involved, you can use a tool from cybersecurity firm Pentester by visiting where entering your details will show a list of breached accounts. Security experts have also recommended customers to regularly monitor their credit reports. HP EliteBook Ultra Review: Thin, light, power in a premium package AI Masterclass for Students. Upskill Young Ones Today!– Join Now
