Defense Stocks Plummet on Peace Proposal
Update: 2025-11-21
Description
European defense stocks plummeted on Friday, marking their lowest point since early September, following Ukrainian President Zelenskyys openness to peace talks. The index tracking aerospace and defense companies dropped by 2.6%, on track for its largest weekly losses since mid-October. Major European defense firms, including Renk, Hensoldt, Rheinmetall, Leonardo, and Saab, experienced significant stock declines. Despite the sell-off, analysts at JPMorgan view this as a compelling entry point into the sector, potentially driving European defense spending higher if the US successfully imposes a peace plan.
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