Brief by Shorts91 Newsdesk / 05:55pm on 14 May 2025,Wednesday Business
Shares of China's Avic Chengdu Aircraft, makers of the J-10 jets used by Pakistan, plunged 9.31% on May 13 following Prime Minister Modi’s bold speech on the success of Operation Sindoor. The strike, targeting terror camps inside Pakistan, was lauded domestically, sparking a rally in Indian defence stocks. Modi declared that any future terror threats would meet annihilation. Meanwhile, Dassault Aviation, the Rafale jet manufacturer, saw a rebound in its stock after earlier declines. Operation Sindoor marks a strategic shift in India’s counter-terror posture, with precision strikes gaining market and geopolitical traction. (PC: AFP)
