Chengdu aircraft shares skyrocket as Pakistan destroys five Indian jets

The stock market witnessed a sharp spike in the shares of Chengdu Aircraft Corporation, the Chinese manufacturer of JF-17 Thunder and J-10C fighter jets, following a decisive military response by the Pakistan Air Force (PAF) against Indian aerial aggression.

The PAF shot down five Indian aircraft and drones, including three Rafale jets, in a retaliatory operation that has sent shockwaves through both military and financial circles.

The surge in Chengdu Aircraft Corporation’s shares, which increased by 18.18%, reflects the growing global recognition of Chinese-made fighter jets in the wake of the Pakistan Air Force’s impressive counteraction.

This significant uptick came after the Indian Air Force (IAF) launched a deadly airstrike targeting six different sites across Pakistan, resulting in 26 deaths and 46 injuries, including attacks on mosques. The IAF’s air raid added another layer of tension to the ongoing conflict between the nuclear-armed neighbors.

In response to the Indian aggression, the PAF launched a comprehensive counteroffensive, successfully intercepting and destroying five Indian aircraft.

Among those downed were three Rafale jets, widely regarded as one of the most advanced fighter aircraft in the world. Also destroyed were a MiG-29 and a Sino-Japanese fighter jet.

The attack marked a significant blow to India’s air superiority, which had been bolstered by the recent acquisition of Rafale jets from France.