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First Post
9 hours ago
- Business
- First Post
Pakistan's unverified claims & move to buy J-35 5th-gen jets see Chinese maker's shares soar high
Pakistan's government said Friday on social media that it intends to acquire 40 J-35 fighters, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems. read more Shares of the company that makes China's J-35 fighter aircraft have soared, courtesy Pakistan. Reuters Shares of Chinese defence firms surged Monday (June 9) after Pakistan announced plans to purchase a fleet of advanced Chinese-made fighter jets, a move that could mark China's first export of its fifth-generation stealth aircraft. AVIC Shenyang Aircraft Company, the manufacturer of the J-35 stealth fighter jet, hit its 10 per cent daily trading limit in Shanghai, building on a three-day rally. Other defence stocks also jumped, with Aerospace Nanhu Electronic Information Technology Co. climbing as much as 15 per cent, Bloomberg reported. STORY CONTINUES BELOW THIS AD Interestingly, this is not the first time defence stocks in China have soared following India-Pakistan tensions. Pakistan government's signalling Pakistan's government said Friday (June 6) on social media that it intends to acquire 40 J-35 fighters, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems. The J-35, which is claimed to feature advanced stealth capabilities, was developed by Shenyang Aircraft Corporation and was first unveiled publicly at the 2024 Zhuhai Airshow. If finalised, the deal would mark the first known foreign sale of the aircraft. Tensions between Pakistan and India remain high following clashes in early May that involved air, drone and missile strikes, along with artillery and small arms fire. In a May 31 interview, India's Chief of Defence Staff Anil Chauhan confirmed India had lost fighter jets during the conflict, though he did not provide details. Last month, Pakistan claimed that Chinese-made J-10C fighters helped shoot down six Indian jets, including French-built Rafales. India has denied the effectiveness of the weapons systems used by Pakistan, saying its forces successfully carried out retaliatory strikes deep inside Pakistani territory. The reported deal also comes amid growing interest in Chinese military hardware in Southeast Asia. Indonesia is considering a Chinese offer of J-10 jets after traditionally relying on aircraft from the United States, Russia and other suppliers. China's defence industry has continued to advance despite domestic corruption scandals. In December, Beijing launched its first next-generation amphibious assault ships, which analysts say are the largest of their kind. Last year, a video purportedly showing a test flight of a sixth-generation Chinese fighter jet went viral online, prompting another wave of gains in defence stocks. STORY CONTINUES BELOW THIS AD
Time of India
9 hours ago
- Business
- Time of India
China's defence stocks jump up to 10% led by AVIC Shenyang as Pakistan announces arms purchase
Shares of Chinese defense companies rallied on Monday after Pakistan said that it intends to buy one of the Asian power's most-advanced fighter jets as a part of major arms purchase. Among the top gainers was AVIC Shenyang Aircraft Company, whose stock surged over 10% following Pakistan's announcement that it plans to buy J-35 stealth fighter jet from the Chinese company. Touted as one of the country's most-advanced fighter jets, the deal is seen as a part of major arms purchase by India's western neighbour. On Friday, the government of Pakistan in a social media post said that it would acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, as well as HQ-19 ballistic missile defense systems. Shares of AVIC Shenyang Aircraft have remained unbeaten for the past three trading sessions, Today's rally has extended stocks gains to 13% in the past five sessions. While it is a month since the ceasefire between India and Pakistan was implemented, AVIC Shenyang Aircraft shares have jumped 18% in this period. An armed escalation broke out between India and Pakistan between May 7 and May 10 as India hit several targets in Pak Occupied Kashmir (PoK) to avenge the killings in Pahalgam where 26 innocent tourists were killed. Live Events AVIC Shenyang Aircraft has been in the thick of action owing to its J-35 stealth fighter jet Meanwhile, other Chinese defence stocks also saw a positive rub-off impact as Aerospace Nanhu Electronic Information Technology Co., whose shares jumped as much as 15% on the intraday basis. This counter has rallied 10% in the past five trading sessions. Aerospace CH UAV Co shares were up by over 1% while Inner Mongolia First Machinery Grp Co was 4% higher. The J-35 sale to Pakistan would mark China's first export of the fifth-generation jet, which has advanced stealth capabilities for penetrating the airspace of an adversary, a Bloomberg report said. The fighter was developed by Shenyang Aircraft Corporation and publicly unveiled at the 2024 Zhuhai Airshow, it added. The KJ-500 aircraft would improve Pakistan's radar coverage and its smaller size allows for nimbler use in regional clashes. The HQ-19 surface-to-air missile systems would enhance the country's ability to intercept ballistic missiles. The deal comes amid persisting tensions between Pakistan and India. The nuclear-armed neighbors clashed several weeks ago, with both sides trading air, drone and missile strikes, as well as artillery and small arms fire along their shared border in early May. ETMarkets WhatsApp channel )
Express Tribune
10 hours ago
- Business
- Express Tribune
Chinese defence stocks surge as Pakistan buys J-35 stealth jets
Listen to article Shares of Chinese defence firms jumped Monday after reports of Pakistan's plans to purchase advanced J-35 stealth fighter jets from China, according to a Bloomberg report. AVIC Shenyang Aircraft Co., the J-35's manufacturer, hit its 10% daily limit in Shanghai trading, extending gains for a third straight session. Aerospace Nanhu Electronic Information Technology Co. also saw a surge, rising as much as 15%. The rally followed a formal statement on social media from Pakistan confirming its intent to acquire the jets, after weeks of unofficial reports. Pakistani officials had earlier indicated that pilots were already in China undergoing training ahead of expected deliveries. J-35 fighter jet offers stealth, long-range, and deep-strike capabilities China's J-35A fifth-generation fighter jet, soon to be delivered to Pakistan, features stealth technology, advanced sensors, and deep-strike capabilities that could significantly boost Pakistan's air power, according to defence analyst Brandon J. Weichert. Developed by Shenyang Aircraft Corporation, the J-35A is China's second fifth-gen aircraft after the Chengdu J-20. It is equipped with an active electronically scanned array (AESA) radar, electro-optical targeting systems, and advanced avionics to enhance situational awareness and targeting precision. Designed to evade detection, the aircraft's stealth profile reduces its radar cross-section. It is compatible with long-range PL-15 and PL-17 air-to-air missiles, offering a major advantage in beyond-visual-range combat. Powered by Russian RD-93 or Chinese WS-19 turbofan engines, the J-35A can reach speeds of up to 1,367 mph. Deliveries to Pakistan could begin by August, with pilots already undergoing training in China. The jet is expected to replace Pakistan's aging fleet of F-16s and Mirages. Weichert notes that the J-35A's capabilities will enable Pakistan to better counter Indian air defences and conduct deep-strike missions, potentially shifting the regional aerial balance.
Time of India
11 hours ago
- Business
- Time of India
Chinese defense companies soar as Pakistan touts arms purchase
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%. Bloomberg The government of Pakistan said in a social media post on Friday that it would acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, as well as HQ-19 ballistic missile defense systems. China's Ministry of Defense didn't respond to a request for comment. Shares of Chinese arms makers have been on the rise since Pakistan last month claimed that Chinese J-10Cs helped to shoot down six Indian fighters, including French-made Rafale aircraft. India has downplayed Pakistan's claims about the effectiveness of weaponry deployed from China and other countries, saying that the Indian military was able to conduct precision airstrikes deep in Pakistani territory. Live Events The J-35 sale to Pakistan would mark China's first export of the fifth-generation jet, which has advanced stealth capabilities for penetrating the airspace of an adversary. The fighter was developed by Shenyang Aircraft Corporation and publicly unveiled at the 2024 Zhuhai Airshow. The KJ-500 aircraft would improve Pakistan's radar coverage and its smaller size allows for nimbler use in regional clashes. The HQ-19 surface-to-air missile systems would enhance the country's ability to intercept ballistic missiles. The deal comes amid persisting tensions between Pakistan and India. The nuclear-armed neighbors clashed several weeks ago, with both sides trading air, drone and missile strikes, as well as artillery and small arms fire along their shared border in early May. In a May 31 interview, Anil Chauhan, chief of defense staff of the Indian Armed Forces, confirmed that India lost an unspecified number of fighter jets in the clashes with Pakistan, without offering specific details. In a sign of how the conflict is changing dynamics, Indonesia — which has relied on aircraft from makers in the US, Russia and elsewhere — is mulling China's offer of J-10 jets. Southeast Asia's largest economy has bought munitions and air surveillance systems from China in the past, but not jet fighters. Despite corruption scandals, the Chinese defense-industrial complex has made progress. Beijing shocked the world in December with the launch of its first next-generation amphibious assault ships, considered the world's largest of its kind. A video of what is believed to be a test flight of the nation's sixth-generation fighter jet circulated on social media last year, leading to a rally in defense stocks.
Economic Times
11 hours ago
- Business
- Economic Times
Chinese defense companies soar as Pakistan touts arms purchase
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. ADVERTISEMENT 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%. The government of Pakistan said in a social media post on Friday that it would acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, as well as HQ-19 ballistic missile defense systems. China's Ministry of Defense didn't respond to a request for comment. Shares of Chinese arms makers have been on the rise since Pakistan last month claimed that Chinese J-10Cs helped to shoot down six Indian fighters, including French-made Rafale aircraft. India has downplayed Pakistan's claims about the effectiveness of weaponry deployed from China and other countries, saying that the Indian military was able to conduct precision airstrikes deep in Pakistani territory. The J-35 sale to Pakistan would mark China's first export of the fifth-generation jet, which has advanced stealth capabilities for penetrating the airspace of an adversary. The fighter was developed by Shenyang Aircraft Corporation and publicly unveiled at the 2024 Zhuhai Airshow. ADVERTISEMENT The KJ-500 aircraft would improve Pakistan's radar coverage and its smaller size allows for nimbler use in regional clashes. The HQ-19 surface-to-air missile systems would enhance the country's ability to intercept ballistic missiles. The deal comes amid persisting tensions between Pakistan and India. The nuclear-armed neighbors clashed several weeks ago, with both sides trading air, drone and missile strikes, as well as artillery and small arms fire along their shared border in early May. ADVERTISEMENT In a May 31 interview, Anil Chauhan, chief of defense staff of the Indian Armed Forces, confirmed that India lost an unspecified number of fighter jets in the clashes with Pakistan, without offering specific details. In a sign of how the conflict is changing dynamics, Indonesia — which has relied on aircraft from makers in the US, Russia and elsewhere — is mulling China's offer of J-10 jets. Southeast Asia's largest economy has bought munitions and air surveillance systems from China in the past, but not jet fighters. ADVERTISEMENT Despite corruption scandals, the Chinese defense-industrial complex has made progress. Beijing shocked the world in December with the launch of its first next-generation amphibious assault ships, considered the world's largest of its kind. A video of what is believed to be a test flight of the nation's sixth-generation fighter jet circulated on social media last year, leading to a rally in defense stocks. (You can now subscribe to our ETMarkets WhatsApp channel)
