AVIC Chengdu Aircraft share price: The bullish trend seen in the shares of AVIC Chengdu Aircraft’s share price at the peak of the India-Pakistan conflict seems to have fizzled out as the stock of the J-10 fighter jet maker has tumbled 20% from its May peak.
In a matter of just 14 sessions, Chinese defence 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.
The Chinese defence stock has suffered losses after Prime Minister Narendra Modi publicly poked holes in Pakistan’s claims that Chinese-made fighter jets were responsible for destroying the Indian Air Force’s Adampur airbase.
