Shares of Chinese bulletproof vest makers surged after Shinzo Abe’s shooting ...Middle East

Quartz - Economy
Shares of Chinese bulletproof vest makers surged after Shinzo Abe’s shooting
source : Quartz ( Middle East ) () 9
Shares of major Chinese bulletproof vest makers spiked after the former Japanese prime minister Shinzo Abe was shot during a speech in the city of Nara early on Friday (July 8).Abe, 67, was shot twice, with the second shot hitting his back, leading him to collapse. He went into a state of “cardiopulmonary arrest,” indicating a sudden loss of heart function and breathing, according to an official. A male suspect has been arrested and charged with attempted murder, according to local media.Shortly after the news made global headlines, Chinese companies such as Jihua Group, Anhui Wanwei group, and Yantai Spandex saw their shares surge between 2% and 6%. Jihua is the largest light military produ

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