This is the opinion of David Perry, analyst of the world’s largest investment bank JPMorgan Chase & Co, whose commentary was published by Bloomberg.
As the agency notes, the index of shares of defense companies in the region, which is part of Goldman Sachs Group, fell by three percent on Thursday, declining for the third day in a row.
After massive gains in the first half of 2025, defense stocks have become much more sensitive to geopolitical news as high valuations keep the market on edge, the publication said.
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