A Stock Trader’s Guide to Navigating China’s Military Parade

Members of the PLA rehearse at Tiananmen Square ahead of a military parade in Beijing on Sept. 3.Photographer: Qilai Shen/Bloomberg

Shares of Chinese fighter-jet makers, robotics companies and other defense-related firms are in the spotlight as the nation holds a military parade in Beijing on Wednesday.

Investors are focused on equipment upgrades and emerging technology as President Xi Jinping unveils China’s latest drones and hypersonic missiles in an event aimed at showcasing the nation’s military prowess.