India-Pak tensions lift Chinese jet maker's stock by 36% in 2 days
The stock of Chinese jet maker Avic Chengdu Aircraft Co Ltd has gone up by over 36% in just two days. This sudden rise comes as tensions between India and Pakistan have increased following India's recent military action.Avic Chengdu Aircraft is a Chinese defence company. It makes fighter jets such as the JF-17 Thunder and the J-10C Vigorous Dragon, which are used by the Pakistan Air Force. As of Thursday, the company's share price rose by 16.37% to reach 80.68 yuan. This was after a 17% jump on Wednesday. In total, the stock has gained 36.21% in two days and has gone up 44% in the past one month.This jump in the company's stock price comes at a time when there have been many reports following India's recent strikes. Some reports on social media claimed that Pakistan had shot down Indian fighter jets. However, these were later debunked by fact checkers. The Indian Embassy also warned the Chinese state-run Global Times not to share unverified news about India's military operations.India carried out what it called Operation Sindoor, a missile attack on nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. These included targets in Bahawalpur, Kotli, Muzaffarabad, and Muridke, according to a statement from Pakistan's foreign ministry. Other places reportedly hit by Indian missiles included Gulpur, Bhimber, Bagh, Chak Amru, and Sialkot.This was the first such missile operation by India since the 1971 war. It was a joint action by the Indian Army, Navy, and Air Force. Following the strikes, Pakistan's Karachi 100 stock index dropped by 3,559.48 points, or 3.13%, closing at 1,10,009.03 on Wednesday.Indian stock markets, however, remained steady. Both Sensex and Nifty ended the day in green. Market experts said that while the situation with Pakistan has become tense, it has not affected investor confidence in India so far.A report from Emkay Global said India's strong reply after the Pahalgam terror attack has increased fears of further conflict. However, it believes markets will not be deeply affected unless the situation worsens.It added that the market might see some pause or sideways movement in the short term, but still expects Nifty to grow by around 7% in FY26. Emkay also said small and mid-cap stocks may perform better.Pankaj Singh, Founder at SmartWealth.ai, said that short-term caution is normal, but Indian markets have shown strong recovery in the past after similar incidents. 'Unless there is a larger economic or global shock, tensions between India and Pakistan have not caused long-term damage to markets. Investors should keep their focus on business fundamentals, not fear,' he said.Tune InMust Watch
advertisement
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
40 minutes ago
- Economic Times
China vice premier to meet US delegation for trade talks: Beijing
Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced Saturday amid a fragile truce in the trade dispute between the two powers. US President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced Saturday amid a fragile truce in the trade dispute between the two will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over posted on his Truth Social platform that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January.A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade Trump then accused Beijing of not respecting the terms of the de-escalation Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been for his part told Trump the two should "correct the course" of bilateral relations, according to remarks quoted by official Chinese media.
The Print
an hour ago
- The Print
Rahul slams EC's ‘unsigned' rebuttal of his Maharashtra poll rigging charge—'show voter rolls'
Earlier in April this year, ECI sources termed similar claims made by Rahul in the United States—first, in his address before the Indian diaspora in Boston, and second, at Brown University—as 'absurd'. In a social media post, the Lok Sabha Leader of Opposition (LoP) retorted that responses to 'serious questions' through 'unsigned, evasive notes' were unbecoming for a constitutional body such as ECI. 'Evasion won't protect your credibility. Telling the truth will,' Rahul posted on X. New Delhi: Not for the first time, Rahul Gandhi clashed with the Election Commission of India (ECI) Saturday over his allegation of 'industrial scale-rigging' during the Maharashtra assembly elections. The ECI indirectly clapped back at the Lok Sabha Leader of Opposition, reiterating that his charges were 'absurd', on the same day. However, this time, Rahul countered on X, saying: 'If you have nothing to hide, answer the questions in my article and prove it by: Publishing consolidated, digital, machine-readable voter rolls for the most recent elections to the Lok Sabha and Vidhan Sabhas of all states, including Maharashtra.' He also demanded the release of CCTV footage from inside the polling booths recorded from 5 pm on the counting day before the Maharashtra assembly election results. But, ECI is not required to do what he says under the law. In December 2024, the Centre amended the Conduct of Election Rules, effectively removing electronic footage—earlier open to public inspection—from the polling process by stamping it out from the definition of 'election papers'. On earlier occasions, Rahul Gandhi has represented the amendment as indicative of the ECI becoming 'compromised'. In opinion pieces published in different languages in different newspapers, the LoP Saturday repeated the allegations he has been making against the ECI for some time now. Rahul laid out a 'step-by-step' playbook of election rigging in his pieces. 'Step 1: Rig the panel for appointing the Election Commission. Step 2: Add fake voters to the roll. Step 3: Inflate voter turnout. Step 4: Target the bogus voting exactly where BJP needs to win. Step 5: Hide the evidence,' he wrote. Sharing his write-up on X, Rahul also appealed to people to go through the 'evidence', judge for themselves, and demand answers. 'Because the match-fixing of Maharashtra will come to Bihar next, and then anywhere, the BJP is losing.' Assembly elections are due in Bihar later this year. The LoP, through his writing, also sought to substantiate his allegation of rigging in the Maharashtra assembly polls by raising questions on the increase in registered electors in the state from 9.29 crore during the LS polls to 9.70 crore during the assembly polls. 'A crawl of 31 lakh in five years, then a leap of 41 lakh in just five months,' Rahul wrote. 'So incredible was this leap that the registered voter total of 9.70 crore was even greater than the 9.54 crore adults in Maharashtra according to the government's own estimates.' He also raised suspicions about the rise in total voter turnout between 5 pm and the final figures released by ECI, calling the huge difference a major red flag. 'The polling turnout at 5 pm was 58.22 percent. Even after voting closed, however, [the] turnout kept increasing more and more. The final turnout was reported only the next morning to be 66.05 percent … The unprecedented 7.83 percentage point increase is equivalent to 76 lakh voters—much higher than previous Vidhan Sabha elections in Maharashtra,' Rahul stated. Hours after the piece came out, the ECI, without naming anyone, relayed through its sources that 'defaming the poll panel after receiving an unfavourable verdict from the voters is absolutely absurd'. The ECI sources said the rise in total voter turnout is not abnormal in the slightest way and that Rahul's allegations about the electoral rolls had no substance. 'After the finalisation of the electoral rolls for the Maharashtra election, as against the 9,77,90,752 (over 9.77 crore) electors, only 89 appeals were filed before the first appellate authority—the district magistrate concerned—and only one was filed before the second appellate authority—the state chief electoral officer,' according to the sources. Therefore, the ECI sources added, it was amply clear that the Congress or any other political party had no grievance before the Maharashtra assembly elections, which it supervised in 2024. Asserting that the ECI has replied to all the allegations levelled by the Congress earlier on 24 December 2024, the ECI sources added that over one lakh booth-level officers of Maharashtra are waiting for the 'wild allegations' to turn into 'at least one single real appeal before district magistrates' in line with the election laws that exist to avoid discrepancies in the list of electors. (Edited by Madhurita Goswami) Also Read: Time to 'retire lame horse'—Rahul Gandhi hints at massive revamp of MP Congress unit
Time of India
an hour ago
- Time of India
China vice premier to meet US delegation for trade talks: Beijing
Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced Saturday amid a fragile truce in the trade dispute between the two powers. He will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a statement. It said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation mechanism. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo US President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. Trump posted on his Truth Social platform that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese team. Live Events The discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January. A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade dispute. But Trump then accused Beijing of not respecting the terms of the de-escalation agreement. On Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been positive. Xi for his part told Trump the two should "correct the course" of bilateral relations, according to remarks quoted by official Chinese media.
