🔴 Defence Tech ETF (ARMR.L) is trading 3% down as Democratic sweep raises military-spending scrutiny

ARMR.L is trading at $27.96 (-3.00%) amid concerns that the Democratic sweep of both chambers could bring tighter scrutiny of military spending and uncertainty around future U.S. defense funding.

• European aerospace and defense shares fell even as the broader European market rose.
• The sector-wide decline hit several ARMR holdings, including BAE Systems, Rheinmetall, Saab and Leonardo; U.S. defense contractors also fell in premarket trading.