China Jets Used in India-Pakistan Clash Spur Defense Stock Surge
By and Ashutosh Joshi
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As the recent military clash between India and Pakistan stunned the world with its intensity, investors were fixated on another aspect of the conflict: the display of cutting-edge military technology.
Over the past month, two indexes that track the biggest defense stocks in China — a key military partner of Pakistan — and India surged by more than $36 billion in combined value, thrusting a long-overlooked sector into the spotlight. While China and India have both invested heavily to modernize their military, the latest confrontation offered investors a rare look into their real combat capabilities.
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