08
May
May
China Defense Stocks Soar 15% as India-Pakistan Border Clashes Fuel Military Spending Surge
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News Editor / 4 months
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- 1 min read
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. […]
