J-10 Maker Avic Chengdu Aircraft Crashes 11.5% In 3 Days After PM Modi's ‘Terror Has A Cost’ Warning
Beijing / Hong Kong | Updated May 15, 2025
Chinese aerospace major Avic Chengdu Aircraft has seen its share price plummet over 11.5% in just three sessions after Prime Minister Narendra Modi’s powerful address on the success of Operation Sindoor, India’s recent counter-terror military campaign.
On Thursday, the defence stock opened lower at 87.88 yuan, before hitting an intraday low of 85 yuan, continuing its downward spiral. This sharp fall followed PM Modi’s stern declaration: “Terror and trade, terror and talks cannot go together.”
The sell-off marks a stunning reversal after the stock had surged over 60% post-May 6, when Pakistan reportedly deployed Chinese-origin J-10 fighter jets in response to Indian strikes.
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In his national address, PM Modi emphasized India’s military superiority, particularly the performance of indigenous air defence systems which “neutralized Pakistan’s drones and missiles mid-air.” The Indian premier also underscored that Operation Sindoor had reset India’s anti-terror doctrine:
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“It is the new normal. Our future response will depend entirely on Pakistan’s behaviour.”
Market analysts noted that the stock’s steep fall is not just sentiment-driven but also technical in nature.
Ganesh Dongre, Senior Technical Analyst at Anand Rathi, pointed out a double-top formation near the 90–95 yuan zone — a classical bearish reversal signal.
“The stock is in an overbought zone and facing stiff resistance. A pullback to the 65–70 yuan range is more likely, which could offer a better risk-reward entry,” Dongre said.
Anshul Jain, Head of Research at Lakshmishree Investments, said the stock had broken out at 73 yuan, rallied rapidly to nearly 97.5 yuan, and is now undergoing a healthy correction.
“Traders should monitor the 73 yuan breakout zone. If the price stabilizes there, it could present a re-entry opportunity,” Jain said.
Avic Chengdu’s losses mirror broader weakness across Chinese defence counters. As geopolitical tensions ease following the India-Pakistan ceasefire, Chinese aerospace and defence indices are retreating from highs fuelled by arms trade expectations.
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Avic Chengdu share crash, J-10 jets Pakistan, PM Modi Operation Sindoor, Indian air defence, Chinese defence stocks, Avic Aircraft technical analysis, terror trade message, India Pakistan ceasefire, OperationSindoor,
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