China defence stocks jump up to 36% amid India-Pakistan tensions after Operation Sindoor
Chinese
defence stocks
experienced significant gains, with some rising by up to 20% on Thursday. This sharp rise, totaling 36% in just two days, comes as tensions between India and Pakistan escalate following India's Operation Sindoor. The development has spurred a surge in Chinese defence-related stocks, despite the ongoing regional tensions.
The Chinese defence company, which manufactures the J-17 and J-10C fighter aircraft, has seen a notable increase in stock value. Pakistan's Air Force is known to operate the J-10 Vigorous Dragon and JF-17 Thunder jets, both of which are produced by AVIC Chengdu Aircraft, a subsidiary of China's state-owned AVIC.
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Shares of AVIC Chengdu Aircraft, listed on the Shenzhen Stock Exchange, surged 20% on Thursday after a 17.05% gain on Wednesday—its most significant two-day rally since last October. In total, the stock has risen 36% since India's Operation Sindoor, and over the past month, it has gained 53%.
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AVIC Aerospace, another unit of AVIC that produces military aircraft and helicopters, saw its Hong Kong-listed shares rise over 6%.
The sharp stock movement follows India's announcement on Wednesday that it had conducted precision strikes on terror-linked locations inside Pakistan and in Pakistan-occupied Kashmir (PoK). The Ministry of Defence stated that nine terror launchpads were hit in response to recent threats and provocations.
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These strikes come after last month's terrorist attack in Pahalgam, Jammu and Kashmir, which claimed 26 lives.
Amid reports that more than 60% of China's arms exports between 2020 and 2024 went to Pakistan, highlighting Beijing's role in arming India's neighbor.
Other Chinese defence-related stocks like Chengdu Tianjian Technology, Sun-Create Electronics, and Chengdu ALD Aviation also rallied nearly 10%, reflecting bullish sentiment on China's growing defence exports — much of it to Pakistan.
Meanwhile, there were unconfirmed reports, many debunked by fact-checkers, of Pakistan shooting down Indian fighter jets involved in Operation Sindoor. In response to an article by the Chinese state-run Global Times, the Indian Embassy cautioned the media outlet for spreading unverified claims regarding Indian military operations.
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