In a matter of just 14 sessions, Chinese Defense 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.
Why is Avic Chengdu Aircraft Stock Falling?
The Chinese Defense Stock Has Suffered Losses After Prime Minister Narendra Modi Publicly Poined 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 Base with JF-17 Jets, Which is Completely False,” Said Colonel Sofiya Qureshi. “It also also Spread Misinformation About Damage to Indian Airfields in Sirsa, Jammu, Pathankot, Bhatinda, Nalia, and Bhuj – All of WhoaCh is Untrue.”
Additional, The Fall in Avic Chengdu and other Chinese Defense Stocks Can also be attributed to the successful completes of India’s Operation Sindoor, Whoch HIGHLIGHTED INDIANDINE Also, A Ceasefire Between India and Pakistan Damped The Interest.
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