🔴 Defence Tech ETF (ARMR.L) is trading 4.1% down as Democratic sweep raises military-spending scrutiny fears

ARMR.L is trading at $27.66 (-4.08%) as a Democratic sweep of Congress raised concerns about tighter scrutiny of U.S. military spending and funding plans.

• Those concerns prompted a selloff in defense shares on November 4.
• A Goldman Sachs basket of European defense stocks slid as much as 4.1%, while BAE Systems dropped as much as 5.9%.
• The move appeared sector-specific; the broader European market rose during the session.