J-10 maker Avic Chengdu stock crashes 9% after PM Modi's speech
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.