Latest news with #BrightLaserTechnologies
Hans India
14-05-2025
- Business
- Hans India
Chinese Defense Stocks Drop After PM Modi's Speech
On Wednesday, Chinese defense stocks went down sharply after the India-Pakistan ceasefire made people less worried about a possible war. The Hang Seng China A Aerospace & Defence Index dropped by 1.3%, marking the second day of losses. Many big companies in the Chinese defense sector saw their stock prices fall by 1% to 4%. Some of these companies include: China Aerospace Times Electronics Bright Laser Technologies AVIC Aircraft Only a few stocks went up, but most lost value. The index had already fallen by 2.9% the day before. Avic Chengdu Aircraft Falls the Most Shares of Avic Chengdu Aircraft, which makes J-10 fighter jets, fell by more than 9% in just two days. This company is linked to Pakistan's air force, and this caused more worries in the market. India's Strong Defense Pushes Market Down The fall in Chinese defense stocks happened after India's Prime Minister Narendra Modi spoke about India's successful defense. Modi said India's Akash missile and electronic systems worked well against weapons made in China that were used by Pakistan. This changed the market mood. Chinese Defense Market Faces Uncertainty The Hang Seng China A Aerospace & Defence Index is stuck between 4,000 and 4,500 points. Anshul Jain, a market expert, said the selling pressure may continue in China's defense stocks.
Mint
14-05-2025
- Business
- Mint
China Aerospace, AVIC Aircraft, other Chinese defence stocks' fall continues after PM Modi's speech
Chinese defence stocks witnessed a sharp decline on Wednesday, with several names falling as much as 4%, following the ceasefire agreement between India and Pakistan that eased concerns over a potential escalation in the conflict. The Hang Seng China A Aerospace & Defence Index dropped for the second consecutive session, losing 1.3%. Key constituents of the index, including China Aerospace Times Electronics Co. Ltd. (Long March Launch Vehicle Technology Co. Ltd), Bright Laser Technologies, North Industries Group Red Arrow Co., Xi'an Triangle Defense, China Spacesat, Beijing Bei, and AVIC Aircraft, recorded losses ranging between 1% and 4%. Only two of the 29 stocks in the index were trading in positive territory, with the remainder slipping into the red. The index had fallen 2.9% in the previous session on Tuesday. Meanwhile, Avic Chengdu Aircraft share price crashed more than 9% in two sessions. vic Chengdu Aircraft is the maker of J-10 fighter jets, which Pakistan Deputy Prime Minister Ishaq Dar said were used by its air force. The recent correction comes after an earlier rally in Chinese defence stocks, driven by expectations of increased arms exports to Pakistan. However, sentiment turned bearish amid easing geopolitical tensions and strong messaging from India. The market reacted to statements from Indian Prime Minister Narendra Modi, who addressed the nation regarding the successful completion of Operation Sindoor. The operation, launched in response to recent cross-border aggression, was hailed by Modi as a demonstration of India's robust defence capabilities. Over the past two days, both the Indian Army and the Prime Minister have underscored the effectiveness of indigenous defence systems, such as the Akash Surface-to-Air Missile (SAM) and electronic warfare systems, during the recent conflict. These systems reportedly performed successfully against defence equipment of Chinese origin used by Pakistan. 'The great success of Indigenous defence systems such Akash SAM and electronic warfare have shown the reliability and effectiveness and has further strengthened the demand outlook. The successful performance of Made in India defence systems against Chinese and other defence systems in Pakistan is also likely to magnify the demand for India-made defence equipment in the long run,' said Ashwini Shami, EVP & Sr. Portfolio Manager, OmniScience Capital. Reinforcing India's defence posture, PM Modi said, 'The world saw how Pakistan's drones and missiles fell like straws in front of India. India's strong air defence system destroyed them in the sky itself.' Modi described Operation Sindoor as a new paradigm in India's counter-terrorism strategy. 'It is the new normal. We have only kept in abeyance our operations against Pakistan and the future will depend on their behaviour,' Modi said in his address. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
