European defense shares decreased with the possibility of an escalation in Ukraine

The shares of the defense sector companies in the European stock exchanges declined today, affected by the potential summit between Russia and Ukraine, as any endowment may lead to a decrease in demand for assets associated with military activities.

The shares of the sector decreased by 0.7%, and the shares of the Renic, Renmate and Heinsoult groups decreased between 1.9%and 3.2%. Michael Aaron, the chief investment strategy in Stet Street, said: “If it occurs in the talks, I think European shares will be the biggest winner, including industrial companies, construction companies, building reconstruction materials and financial companies.” He added that the shares of the energy and defense sectors may be the loser after the recent gains they achieved.