1HENS.MI is trading at €69.40 (-10.29%) as reports of significant progress in Ukraine-Russia peace negotiations trigger a sharp sell-off across the European defense sector.
- The stock has extended its decline from an April 10 level of €77.36, reflecting a lowered demand outlook for defense contractors like Hensoldt.
- Broader geopolitical tensions, including US-Iran friction, have failed to offset the negative sentiment driven by the potential de-escalation in Ukraine.
- The downward movement mirrors a wider industry trend as investors reassess long-term defense spending requirements in light of diplomatic developments.