Defense stocks plummet as Trump's tariffs send shockwaves through global markets [CNBC]
Bank of America Corporation (BAC)
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Source: CNBC
European defense stocks, which have surged in recent months amid a regional push for strategic independence, were among the worst performers on Monday. Shares of German defense giant Thyssenkrupp fell 10.2%, Germany's Renk Group traded 7.6% lower, while France's Thales tumbled 7.1%. Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters. European defense giants fell sharply on Monday, extending recent losses as investors grapple with a broad and severe stock market downturn. U.S. President showed no signs of letting up on his aggressive trade policy after rolling out last week, saying that "sometimes you have to take your medicine." U.S. stock markets for a second consecutive day on Friday, with all three major indexes as part of a . U.S. were lower Monday morning, with the sell-off on track to persist. European defense stocks, which have amid a regional push for strategic independence, were on Monda
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