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India-Pakistan ceasefire: Chinese defence stocks drop up to 9% after rising during Operation Sindoor
Chinese defence stocks plummeted following a ceasefire between India and Pakistan, erasing earlier gains fueled by expectations of increased arms sales to Pakistan. The Hang Seng China A Aerospace & Defence Index saw a significant drop, with companies like AVIC Chengdu Aircraft and Zhuzhou Hongda experiencing substantial losses.
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