DFEN.DE is trading at €48.41, down 3.34%, as Democratic control of Congress raises concerns about scrutiny of proposed U.S. defense spending and possible funding delays.
- European defense shares have also weakened as investors reassess future procurement and military budgets.
- Hopes for reduced Iran-war tensions are another headwind. The sharp broader-market selloff may add pressure, but defense-sector concerns are the more direct catalyst.