0750 GMT - European defense stocks fall at the market open as the selloff across global markets intensifies following U.S. President Trump's tariff announcement. Even the defense sector itself is bearing the brunt of the latest wave of sellers pushing against an open door, Interactive Investor's Richard Hunter writes in a note. Rheinmetall loses more than 15% at the opening bell, Hensoldt and Thales shares fall sharply by around 13%, while Rolls-Royce and BAE Systems, which had previously been on a tear, drop by 12% and 7.4%, respectively. Meanwhile, shares in the U.K.'s Babcock International and Spain's Indra Sistemas drop more than 9% and France's Dassault Aviation and Sweden's Saab decline more than 7%. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 03:50 ET (07:50 GMT)
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