Defense Stocks Drop as Israel and Hamas Agree to Peace Plan

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Defense Stocks Drop as Israel and Hamas Agree to Peace Plan
Photo: Markus Schreiber/AP/TT

The major European defense companies' shares are declining across the board after Israel and Hamas both agreed to a first step in Donald Trump's peace plan.

An index for the European defense sector has fallen 1.8 percent and among individual companies, the Swedish defense group Saab is notable, which at lunchtime has fallen back 2.9 percent, the giant Rheinmetall is down 1.9 percent, Leonardo is falling back 1.8 percent and Kongsberg Gruppen is down 3.7 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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