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NASDAQ-listed Elbit Systems rose 4.7% over two days, from $400.00 on May 6 to $418.97 on May 8, following Indias initiation of "Operation Sindoor", a coordinated cross-border operation involving missiles and loitering munitions.
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Hotel stocks plummeted, with Indian Hotels Company leading the decline at 6.8%, amid escalating India-Pakistan tensions following drone strikes by Pakistan. India responded with counterstrikes and blackouts in border districts. These events follow India's precision missile strike on terror camps and continued ceasefire violations by Pakistan, further heightening regional instability.
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US President's comments come as top officials from Washington and Beijing meet hold talks in Switzerland.
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