Islamabad claimed to have shot down five Indian fighter jets in a military operation called ‘Operation Sindoor’ in Pakistan late Wednesday night. The share price of Dassault Aviation, the French manufacturer of the Rafale fighter jet, fell immediately after the news was published. The share price of Chengdu Aircraft Corporation (CAC), the Chinese fighter jet maker, rose on the same day.
According to a report in The Express Tribune, Chengdu Aircraft Corporation (CAC), the manufacturer of the J-10 and JF-17 fighter jets used by the Pakistan Air Force (PAF), has increased. The share price of CAC rose by up to 18 percent in a single day on the Shenzhen Stock Exchange on Wednesday.
On the other hand, the share price of France’s Dassault Aviation, the manufacturer of the state-of-the-art Rafale fighter jet used by India, fell today. The share price of Dassault Aviation fell by 5.40 euros or 1.64 percent on the Paris Stock Exchange.
Incidentally, India launched missile attacks on six cities in Pakistan on Wednesday. Pakistan also mounted immediate resistance. 46 people were killed and more than a hundred people were injured in the retaliatory attacks by the two countries. The Pakistan army claimed that they shot down five Indian fighter jets that took part in the attack. Pakistan claimed that the downed aircraft included three Rafale jets, a MiG-29 and an SU-30 fighter jet, and a drone. They also claimed to have destroyed the headquarters and check posts of an Indian army brigade in Kashmir.