Pakistan will burn in the fire of war, China will earn billions of rupees, understand here how the dragon played the game:

News Topical, Digital Desk : The growing tension between India and Pakistan has pushed China's defense industry to new heights in the stock market. After India attacked terrorist camps in Pakistan and Pakistan Occupied Kashmir (POK) under ' Operation Sindoor ', the shares of Chinese defense companies saw a huge jump.

Companies making fighter jets took a leap

When the conflict between India and Pakistan deepened after the terrorist attack in Pahalgam, the stocks of Avic Chengdu suddenly gained momentum. On Friday, the stock rose by 6.73 percent and reached 88.80 yuan. Whereas on Thursday the stock rose by 20.01 percent and on Wednesday it rose by 17.05 percent.

53% jump in 5 trading sessions

Avic Chengdu Aircraft Co. Ltd, which manufactures JF-17 Thunder and J-10 Vigorous Dragon fighter jets for the Pakistani Air Force, has seen a tremendous rise in its shares. On Thursday, the stock hit an upper circuit of 20 percent and closed at CNY 83.20. While a rise of 43 percent has been registered in just 5 trading sessions. The main reason behind this rise is that Pakistan is using these Chinese fighter jets against India.

India's strike and China's profit making

The Indian government announced on Wednesday that it had carried out precision strikes on 9 terrorist launchpads located in Pakistan and PoK. This attack was a response to the terrorist attack in Pahalgam last month , in which 26 people lost their lives. After this action by India, there was a stir in the stock market of the Chinese defense industry. Stocks of many Chinese defense companies rose rapidly, including Chengdu Tianjian Technology, Sun-Create Electronics and Chengdu ALD Aviation. The shares of these companies registered a rise of about 10 percent.

Hang Seng Defense Index also saw a rise

Hang Seng China A Aerospace & Defence Index also saw a rise of 2.29 percent and reached the level of 4,289.13. All the defense companies included in this index closed in the green mark. That is, there was a rise in the stocks of every company.

China-Pak Defense Connection

According to reports, 60 percent of China's defense exports between 2020 and 2024 have gone to Pakistan. This means that Beijing has become Islamabad's largest arms supplier and as tensions with India increase, Chinese arms manufacturing companies are making huge profits.