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JF 17 stocks continue to surge as Rafale struggles following recent air combat incidents, with Chengdu Aircraft Corporation (CAC) shares soaring at the Shenzhen Stock Exchange (SZSE) after reports of Pakistan shooting down India’s French-made Dassault Rafale fighter jet.
The shares of Chengdu Aircraft Corporation (CAC) have witnessed a remarkable rally, climbing by CNY 36 in just one week at the Shenzhen Stock Exchange (SZSE), after news broke that Pakistan had downed India’s 4.5th generation Dassault Rafale fighter aircraft during an aerial engagement.
Since May 5, CAC’s stock price has skyrocketed by 63 percent, showcasing strong investor confidence, while Dassault Aviation — the manufacturer of the Rafale — has seen its shares slip by 3 percent over the same period. The strong performance reaffirms that JF 17 stocks continue to surge amid growing international attention.
As of 9:45 AM Pakistani time today, Chengdu’s shares stood at CNY 95.86, marking a gain of CNY 16 or 20 percent. Meanwhile, Dassault Aviation’s shares closed at EUR 314.6, down EUR 11.2 or 3.44 percent, according to the latest trading data (as of May 9, 5:35:23 PM GMT+2).
The situation escalated further during a Sunday joint press conference held by India’s defense officials. The Indian Air Force (IAF) acknowledged asset losses during air combat, including Rafale jets, although no detailed breakdown was provided.
The Indian Defence Ministry’s statement that “losses are part of combat” has been widely interpreted by defense analysts as an admission of significant damage, including the confirmed loss of Rafale fighters. In contrast, the JF 17 stocks continue to surge, reflecting growing faith in the aircraft’s performance and resilience on the battlefield.
