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Defense companies’ stocks in the red in Europe amid talks on Ukraine — Bloomberg

According to the news agency, the stocks basket of European defense industry companies prepared by Goldman Sachs Group lost more than 24% from the start of October

NEW YORK, November 24. /TASS/. Stocks of European defense industry majors are in the red amid the talks to settle the conflict in Ukraine, Bloomberg reports.

Securities of Rheinmetall, a leading German defense tech company, tumbled more than 4% during the trading session on the Frankfurt bourse.

According to the news agency, the stocks basket of European defense industry companies prepared by Goldman Sachs Group lost more than 24% from the start of October. This is the strongest dip since 2022.