STOCKS | China's Commercial Aerospace Sector Strengthens as Lijian-2 Rocket Launch Succeeds
China's commercial aerospace sector saw a significant boost as several stocks surged following the successful maiden flight of the Lijian-2 carrier rocket. According to Jin10, Shenjian Co. achieved its fourth consecutive daily limit, while Shunhao Co. also hit its daily limit. Additionally, Juli Sling saw an increase of over 9%, with Tianli Composite, Aerospace Software, and Chaojie Co. also experiencing gains. The Lijian-2 rocket's successful launch has been a key driver of this market movement, with its cost per launch being compared to that of SpaceX. This development highlights China's growing capabilities and competitiveness in the commercial aerospace industry.
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