Latest news with #AVICChengdu
Mint
3 days ago
- Business
- Mint
Asim Munir USA visit: F-16 fighter jet maker Lockheed Martin shares in focus ahead of Pak chief-Trump meet
Lockheed Martin Share Price: Just like AVIC Chengdu — the maker of J-10 fighter jets — shares of Lockheed Martin, the company behind the F-16s prized by Pakistan, were also in focus on Wednesday, June 18, ahead of former U.S. President Donald Trump's meeting with Pakistan Army Chief Asim Munir. US President Trump will host Asim Munir for lunch at the White House on Wednesday, marking the first such visit after the India-Pakistan conflict and amid the Iran-Israel crisis.
Mint
3 days ago
- Business
- Mint
Asim Munir USA visit: J-10 jet maker AVIC Chengdu share price surges 10% ahead of Pak Army chief's meet with Trump
AVIC Chengdu share price: Shares of J-10 fighter jet maker — AVIC Chengdu Aircraft — rallied nearly 10% in intraday trade on Wednesday ahead of President Donald Trump meeting with Pakistan's army chief, Asim Munir. This will be Munir's first meeting with the US President following a four-day military conflict with India in May. The clashes between the two countries intensified after India launched 'Operation Sindoor' following a deadly attack on tourists in Pahalgam, Kashmir, which resulted in the death of 26 people.
Mint
11-06-2025
- Business
- Mint
India-Pakistan conflict: J-10 fighter jet maker AVIC Chengdu Aircraft share price tanks 18% in a month. More pain ahead?
AVIC Chengdu Aircraft share price: The Chinese defence company and maker of J-10 fighter jets — AVIC Chengdu Aircraft — has seen a sharp trend reversal, with the stock falling 18% in the last one month amid the easing India-Pakistan conflict. Moreover, AVIC Chengdu stock has also faced a setback after India dismantled claims by Pakistan that Chinese-made jets had managed to destroy an army airbase in the country. The J-10 fighter jets were used by Pakistan against India, albeit without any success. While the AVIC Chengdu share price skyrocketed during the four-day India-Pakistan conflict, it declined as the tensions eased. From its peak of 95.86 yuan a month ago on May 12, the Chinese defence stock has tanked 18% to 78.68 yuan on Wednesday, June 11.
Mint
30-05-2025
- Business
- Mint
AVIC Chengdu Aircraft share price: J-10 fighter jet maker stock crashes 20% from May peak amid India-Pakistan conflict
AVIC Chengdu Aircraft share price: The bullish trend seen in the shares of AVIC Chengdu Aircraft's share price at the peak of the India-Pakistan conflict seems to have fizzled out as the stock of the J-10 fighter jet maker has tumbled 20% from its May peak. In a matter of just 14 sessions, Chinese defence company AVIC Chengdu Aircraft's stock has fallen from its May 12 high of 95.86 yuan to today's low of 76.04 yuan. The Chinese defence stock has suffered losses after Prime Minister Narendra Modi publicly poked holes in Pakistan's claims that Chinese-made fighter jets were responsible for destroying the Indian Air Force's Adampur airbase. 'Pakistan claimed it damaged our S-400 and BrahMos missile bases with JF-17 jets, which is completely false,' said Colonel Sofiya Qureshi. 'It also spread misinformation about damage to Indian airfields in Sirsa, Jammu, Pathankot, Bhatinda, Nalia, and Bhuj — all of which is untrue.' Additionally, the fall in AVIC Chengdu and other Chinese defence stocks can also be attributed to the successful completion of India's Operation Sindoor, which highlighted India's military prowess. Also, a ceasefire between India and Pakistan dampened the interest.
Mint
19-05-2025
- Business
- Mint
AVIC Chengdu share price: J-10 fighter jet maker stock rebounds after falling for two straight sessions
AVIC Chengdu share price: Chinese defence stock — AVIC Chengdu — rebounded sharply on Monday, May 19, after two sessions of back-to-back losses. The stock of AVIC Chengdu, J-10 fighter jet maker, has traded on a volatile note since an address by Prime Minister Narendra Modi against India's changing stance towards tolerance of terrorism. AVIC Chengdu Aircraft share price gained 5.6% in intraday trade to hit the day's high of 90.99 yuan, as against its previous closing price of 86.08 yuan. With today's gains, the Chinese defence stock has wiped off losses of 4.8% seen over the last two trading sessions.
