logo
Chinese Defense Companies Soar as Pakistan Touts Arms Purchase

Chinese Defense Companies Soar as Pakistan Touts Arms Purchase

Bloomberg3 days ago

Shares of Chinese defense companies rallied Monday, after Pakistan said it intends to buy one of the Asian power's most-advanced fighter jets as a part of major arms purchase.
Shares of AVIC Shenyang Aircraft Company — the maker of China's J-35 stealth fighter jet, which is the centerpiece of the package — soared by their 10% daily limit in Shanghai, extending gains for the third consecutive session. The stock led a rally across other defense names such as Aerospace Nanhu Electronic Information Technology Co., whose shares jumped as much as 15%.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why China Can Afford to Wait for a Deal, and the US Can't
Why China Can Afford to Wait for a Deal, and the US Can't

Bloomberg

time24 minutes ago

  • Bloomberg

Why China Can Afford to Wait for a Deal, and the US Can't

Subscribe to Trumponomics on Apple Podcasts Subscribe to Trumponomics on Spotify On this episode of Trumponomics, host Stephanie Flanders, Bloomberg's Head of Government and Economics, leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. While the more upbeat tone that's emerged from the London talks has reassured some investors, panelist Robin Xing, Chief China Economist at Morgan Stanley, says the negotiations were less ambitious than Beijing had hoped. 'China wanted a grand bargaining deal, covering not just tariffs but geopolitical issues,' says Xing. 'That's not going to be easy, so you may see continued uncertainty.'

The China Trade Deal Can't Go Soft on Chips
The China Trade Deal Can't Go Soft on Chips

Bloomberg

timean hour ago

  • Bloomberg

The China Trade Deal Can't Go Soft on Chips

Opinion Ending the tariff war may be important, but Trump shouldn't negotiate away one of America's most important controls. Save The Donald Trump administration's most recent round of trade talks with China has ended, but the great export-control debate is just getting underway. Export controls were at the center of the negotiations in London this week; for years, they have anchored America's strategy for economic warfare with Beijing. China wants few things more than a relaxation of curbs on its access to high-end semiconductors; so do corporate players and analysts who argue that they do more harm than good.

Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers
Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers

Bloomberg

timean hour ago

  • Bloomberg

Japan's Jera Finalizes 20-Year LNG Agreements With US Suppliers

Jera Co., Japan's largest power generation company, has reached agreements to buy as much as 5.5 million tons per year of liquefied natural gas from US suppliers. The 20-year deals include purchases by Jera from NextDecade Corp. and Commonweath LNG LLC, Chief Executive Officer Yukio Kani said in an interview. The company has also entered into non-binding agreements with Sempra Infrastructure LLC and Cheniere Marketing LLC.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store