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Business Recorder
a day ago
- Business
- Business Recorder
Chinese defence stocks surge as Pakistan signals major arms deal: report
Shares of Chinese defence firms soared on Monday after Pakistan announced plans to acquire a significant package of military equipment from Beijing, including one of China's most advanced stealth fighter jets, according to a Bloomberg report. The government of Pakistan, in a social media post last Friday, said it would purchase 40 J-35 fifth-generation stealth fighter jets, KJ-500 airborne early warning and control (AEW&C) aircraft, and HQ-19 ballistic missile defence systems. China's Ministry of Defence has not officially commented on the announcement. Bloomberg reported that AVIC Shenyang Aircraft Company, which manufactures the J-35 fighter, surged by its 10 percent daily limit in Shanghai, marking the third straight session of gains. The rally extended to other defence companies, including Aerospace Nanhu Electronic Information Technology Co., which saw its shares rise as much as 15 percent. The rise in Chinese defence stocks comes amid growing confidence in the effectiveness of Chinese military hardware following recent border clashes between Pakistan and India. Last month, Pakistan claimed that its Chinese-supplied J-10C fighter jets were involved in successfully shooting down six Indian aircraft, including French-built Rafale jets. While India dismissed those claims and downplayed the performance of foreign-supplied weaponry, it later confirmed that it had lost an unspecified number of fighter jets in the early May conflict. Indian Chief of Defence Staff Anil Chauhan acknowledged the losses during a May 31 interview, without providing further details. Military tensions between the two nuclear-armed neighbours flared up in early May, with both sides reportedly engaging in air, drone and missile strikes, along with cross-border artillery and small-arms fire, particularly along the Line of Control (LoC). Previous reports had highlighted the effectiveness of Chinese-made platforms like the J-10C in active combat has significantly raised their credibility in the global arms market. According to Bloomberg, this latest deal would mark China's first-ever export of the J-35 stealth fighter, first publicly unveiled at the 2024 Zhuhai Airshow. The inclusion of KJ-500 AEW&C aircraft is expected to substantially improve Pakistan's radar coverage, given the system's advanced electronic warfare capabilities and operational agility. The HQ-19 surface-to-air missile system would enhance Pakistan's air defence, particularly against ballistic missile threats. Defence analysts say the procurement reflects Pakistan's ongoing efforts to upgrade its military preparedness amid sustained regional volatility. At the same time, China continues to expand its influence as a global arms exporter by offering cutting-edge technology at relatively lower costs than its Western counterparts. Despite facing periodic scrutiny over corruption in its military-industrial complex, China has accelerated the development of advanced defence platforms. In December 2024, Beijing launched the world's largest next-generation amphibious assault ships, drawing international attention. Business Recorder also recently reported that Indonesia, traditionally reliant on military equipment from the United States and Russia, is now considering China's offer to sell J-10 fighter jets, signalling a shift in regional defence procurement trends. In a broader context, China's military-industrial progress appears to be part of a strategic vision to extend influence not just in the arms sector but also in dual-use domains. The J-35 sale, if confirmed, could further boost investor confidence in China's ability to compete in the high-end defence export market dominated by the United States and European powers. While formal details of the deal are still awaited, analysts say the announcement marks a milestone in Sino-Pakistan defence cooperation, with implications for both regional stability and global arms dynamics.
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First Post
a day 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
a day 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 )
Time of India
a day ago
- Business
- Time of India
Boost for Chinese defence stocks: Shares surge after Pakistan said it intends to buy China's J-35 stealth fighter jets; first international sale
AVIC Shenyang Aircraft Company, which manufactures the J-35 stealth fighter jet, saw its shares rise by the maximum daily limit of 10%. (AI image) Chinese defence companies saw a surge in share prices on Monday following Pakistan's announcement of its intention to purchase advanced fighter aircraft from China. AVIC Shenyang Aircraft Company, which manufactures the J-35 stealth fighter jet, saw its shares rise by the maximum daily limit of 10% in Shanghai, continuing its upward trend for the third straight session. Other defence-sector companies also witnessed significant gains, with Aerospace Nanhu Electronic Information Technology Co. experiencing up to 15% increase in share value, according to a Bloomberg report. On Friday, Pakistan's government announced via social media its plans to acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, and HQ-19 ballistic missile defence systems. China is set to make its first international sale of the J-35 fifth-generation fighter jet to Pakistan. This advanced aircraft, featuring sophisticated stealth capabilities for airspace penetration, was manufactured by Shenyang Aircraft Corporation and showcased at the 2024 Zhuhai Airshow. Pakistan's military capabilities would be enhanced with the KJ-500 aircraft, offering improved radar coverage and operational flexibility in regional conflicts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Additionally, the HQ-19 surface-to-air missile systems would strengthen their ballistic missile defence capabilities, the Bloomberg report said. The regional military landscape is evolving, as evidenced by Indonesia's consideration of Chinese J-10 jets. Although Indonesia has previously acquired munitions and surveillance equipment from China, this would be their first purchase of Chinese fighter aircraft, marking a shift from their traditional reliance on American and Russian manufacturers. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
a day ago
- Business
- Mint
AVIC Shenyang Aircraft to Aerospace Nanhu Electronic: Chinese defense stocks rally as Pakistan plans J-35 jets purchase
Chinese defence stocks surged on Monday following reports that Pakistan plans to acquire some of China's most advanced weaponry in a major arms deal. AVIC Shenyang Aircraft Company share price hit the 10% daily upper limit on the Shanghai Stock Exchange, marking gains for a third consecutive session. According to a Bloomberg report, Pakistan intends to procure 40 J-35 fifth-generation fighter jets, along with KJ-500 airborne early warning and control aircraft and HQ-19 ballistic missile defence systems. The J-35, developed by AVIC Shenyang Aircraft and unveiled at the 2024 Zhuhai Airshow, is considered the centrepiece of the proposed deal. If finalised, this would mark the first international sale of the J-35 fighter jets. AVIC Shenyang share price has rallied over 16% in the past seven trading sessions. The broader optimism also lifted other Chinese defence stocks. Shares of Aerospace Nanhu Electronic Information Technology surged as much as 15%, while Inner Mongolia First Machinery Group, Jiangxi Hongdu Aviation Industry, AVIC Heavy Machinery, and AVIC Chengdu Aircraft rose between 2% and 4%. The Hang Seng China A Aerospace & Defence Index gained nearly 2%. The development comes against the backdrop of renewed geopolitical tensions between India and Pakistan. Pakistan's announcement, made via a social media post on Friday, follows a series of confrontations that began in early May. Chinese defence stocks had earlier rallied when Pakistan claimed that Chinese-made J-10C fighter jets helped down six Indian aircraft. However, that rally in Chinese defence stocks was short-lived after India downplayed those claims and launched 'Operation Sindoor,' a precision airstrike campaign deep into Pakistani territory. Amid these escalations, Chinese defence stocks have seen heightened volatility, reacting to each turn in the India-Pakistan conflict. 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.
