Defense stocks in Europe and Asia surged on Monday as investors assessed how the dramatic overthrow of Venezuelan leader Nicolas Maduro could herald a significant geopolitical shift that will boost the rearmament trade in the long run.
Rheinmetall
, Germany’s largest arms manufacturer, gained over 7% in early trade, while military technology and surveillance specialist Hensoldt advanced almost 7%. Italy’s Leonardo
rose 5.8%, while German counterpart Renk added 5.8%.
Swedish fighter jet maker Saab
