Russia-Ukraine War Defense Stocks
Author : Andrea Sony | Published On : 26 Apr 2022
The Russia-Ukraine war has led to countries increasing their defense spending amid the uncertainty in the region. Geopolitical events like the current conflict between Russia and Ukraine can cause some big moves in financial markets, which is evident in the price action investors have witnessed over the last few days. Commodity prices have been soaring, equity markets have been quite volatile, and one area of the market is seeing heavy buying since the onset of the invasion – defense stocks.As the ongoing conflict between Russia and Ukraine wreaks havoc on financial markets, defense stocks are outperforming and Wall Street analysts say they’ll keep rising.Defense companies secure billions of dollars every year from government contracts to maintain and construct nuclear weapons.After Russian military's invasion in Ukraine, global defence expenditure is expected to shoot up exponentially. According to stock market experts, due to this Ukraine-Russia war, some tension is expected in Chinese sea, especially around Taiwan.