Shares of weapons giant Rheinmetall have slumped after Washington proposed terms to Kiev to end hostilities
The prospect of a possible peace in Ukraine has caused “panic” among investors in the German defense industry, sending stocks of arms manufacturers such as Rheinmetall tumbling.
The US reportedly handed Kiev a 28-point peace proposal last week and gave it until Thursday to respond. The framework was discussed in Geneva on Sunday, with US President Donald Trump saying afterwards that “something good” may be happening.
The peace push immediately unnerved investors, triggering a fierce sell-off of shares in Rheinmetall, Germany’s largest…
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