Chinese defense stocks surged following Pakistan’s announcement of a major arms purchase, including the advanced J-35 stealth fighter jet. This deal marks China’s first export of the fifth-generation fighter, enhancing Pakistan’s defense capabilities amid ongoing tensions with India. Indonesia is also considering Chinese J-10 jets, signaling a potential shift in arms procurement.
Global Market Today: Asian stocks climb to record on tech, oil drops
Asian stocks hit a record high, fueled by a surge in technology shares and easing geopolitical tensions. South Korea’s SK Hynix reached a $1 trillion