Reported about 2 months ago
European defense stocks experienced a significant drop following reports that Germany plans to halt new military aid requests to Ukraine in an effort to manage spending. While the German government later clarified that it would continue supporting Ukraine, shares of major defense companies like Rheinmetall and Hensoldt fell sharply. Despite the decline, defense stocks are up 46% this year due to investor interest amid ongoing geopolitical tensions.
Source: YAHOO