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J-10 maker Avic Chengdu stock crashes 9% after PM Modi's speech
short by / on Tuesday, 13 May, 2025
Avic Chengdu Aircraft shares fell over 9% after PM Modi’s strong message post-Operation Sindoor, warning Pakistan against nuclear threats. The J-10 jet maker’s stock drop followed recent gains and rising geopolitical tensions. Indian defence stocks rallied as Modi praised indigenous weapons, declaring a “new normal” in counterterrorism strategy, impacting global defence market sentiment.
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