New Delhi, June 9 -- Chinese defence stocks surged on Monday following reports that Pakistan plans to acquire some of China's most advanced weaponry in a major arms deal. AVIC Shenyang Aircraft Company share price hit the 10% daily upper limit on the Shanghai Stock Exchange, marking gains for a third consecutive session.

According to a Bloomberg report, Pakistan intends to procure 40 J-35 fifth-generation fighter jets, along with KJ-500 airborne early warning and control aircraft and HQ-19 ballistic missile defence systems. The J-35, developed by AVIC Shenyang Aircraft and unveiled at the 2024 Zhuhai Airshow, is considered the centrepiece of the proposed deal. If finalised, this would mark the first international sale of the J-35 fighter...