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Chinese defence stocks tank up to 8% after India-Pak ceasefire
short by Pragya Swastik / on Tuesday, 13 May, 2025
Chinese defence stocks traded under heavy selling pressure on Tuesday following India and Pakistan's ceasefire after India's Operation Sindoor against terrorists in Pakistan. The Hang Seng China A Aerospace & Defence Index was trading 3% lower, while its constituents Avic Chengdu and Zhuzhou Hongda were down over 8% and 6%, respectively. Pakistan used Chinese jets and missiles against India.
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