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Serbian president confirms his country owns Chinese supersonic missiles after photo leak

Serbia’s president confirmed late on Thursday that his country possesses Chinese supersonic surface-attack cruise missiles, after photos of the weapons attached to Serbian fighter jets leaked online. Photos, which began circulating on social media and defence blogs earlier this week, showed missiles believed to be Chinese-made CM-400AKG cruise missiles attached to Serbia’s Russian-made MiG-29 planes. “We have things we do not show,” President Aleksandar Vucic told Serbia’s national broadcaster...

Mar 12, 2026 &03471212202631; 22:47 UTC www.scmp.com Trending 4/5

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Negative for markets

Sentiment score: -35/100

Moderate impact Medium-term (weeks)

WHAT THIS MEANS

Serbian president confirms possession of Chinese supersonic missiles (CM-400AKG), escalating regional military tensions in the Balkans. This geopolitical development may impact defense sector valuations and European security-related equities, while potentially affecting broader EU-China relations and defense spending priorities.

AI CONFIDENCE

65% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

Euro Stoxx 50

^STOXX50EIndex

Expected to decline

Geopolitical tensions in Balkans may pressure European equities; defense stocks could see volatility

⇅

DAX (Germany)

^GDAXIIndex

High volatility expected

German defense contractors and EU security concerns may create mixed signals

⇅

Euro / US Dollar

EURUSDCurrency

High volatility expected

Geopolitical risk in Europe could support USD as safe-haven currency

↓

EU→.PA

EU→.PAStock

Expected to decline

French defense and aerospace stocks may face pressure from regional instability

PRICE HISTORY

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⚡ SUGGESTED ACTION

Monitor European defense stocks (Thales, Leonardo, Rheinmetall) for volatility; consider hedging EU equity exposure with USD strength. Watch for NATO/EU policy responses that could trigger sector-specific opportunities in defense contractors.

KEY SIGNALS

Escalating Balkans military capabilitiesChina-Serbia defense cooperation confirmedEU security concerns risingPotential NATO response considerationsRegional arms race acceleration

SECTORS INVOLVED

Defense & AerospaceGeopoliticsEuropean Security

Analysis generated on Mar 16, 2026 at 16:00 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by SCMP Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Serbian president confirms his country owns Chinese supersonic missiles after photo leak

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