Israel-Iran ceasefire: AVIC Chengdu share price rises for second straight session. More steam ahead?

AVIC Chengdu share price: Amid the Israel-Iran ceasefire and overall positive sentiments in the Chinese equity markets, shares of AVIC Chengdu Aircraft, the maker of the J-10 fighter jets, rose for the second straight session on Thursday, June 26.

Defence and tech sectors led gains for China stocks, which were up for the fourth straight session, as per a Reuters report. Meanwhile, the CSI Defence Index rallied 1.9%, with AVIC Chengdu Aircraft share price gaining over 3% in intraday deals today.

Analysts said markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade.