A US-backed peace initiative has reportedly prompted a sell-off of German arms manufacturers’ stocks
RT International Shares of weapons giant Rheinmetall have slumped after Washington proposed terms to Kiev to end hostilities
The prospect of a possible peace in Ukraine has caused “panic” among investors in the German defense industry, sending stocks of arms manufacturers such as Rheinmetall tumbling.
The US reportedly handed Kiev a 28-point peace proposal last week and gave it until Thursday to respond. The framework was discussed in Geneva on Sunday, with US President Donald Trump saying afterwards that “something good” may be happening.
The peace push immediately unnerved investors, triggering a fierce sell-off of shares in Rheinmetall, Germany’s largest arms manufacturer and a key supplier of military equipment to Kiev. Rheinmetall stock has fallen by over 14% over the past five days, with defense-electronics producer Hensoldt recording a similar drop.
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