Rafale Jet Loss Impacts Markets: Dassault Shares Fall, Chinese Defense Stocks Surgee

Following the downing of Indian Air Force Rafale jets by Pakistan Air Force, shares of France’s Dassault Aviation dropped by 1.64%, despite a 3.4% rise over the past five days. This comes shortly after India signed a deal to purchase 26 additional Rafale M jets from France. Meanwhile, shares of Chinese aircraft manufacturer Chengdu Aircraft Corporation, which supplies J-10 and JF-17 Thunder jets to Pakistan, surged by 11.85%. The incident has influenced global defense market sentiment and sparked renewed attention on the capabilities of Chinese-made fighter jets.