China Defense Stocks Soar 15% as India-Pakistan Border Clashes Fuel Military Spending Surge
Chinese defense stocks skyrocketed Thursday amid escalating tensions between India and Pakistan, with investors betting on increased demand for military hardware from Beijing’s long-standing allies. The CSI Defense Index surged 15%, led by state-owned giants China North Industries Group (Norinco, +22%) and China Aerospace Science and Industry Corporation (CASIC, +18%), as regional instability drove speculation of record arms exports. […]