German defense companies are seeing a decline in their share prices following conservative leader Friedrich Merz’s failure to secure the necessary parliamentary majority to become chancellor.
Among the top companies experiencing a drop are Thyssenkrupp (ETR:TKAG) (TKA), Hensoldt (HAG), and Renk (R3NK), with each company’s shares decreasing between 3% and 4%.
This news has further impacted Thyssenkrupp and Hensoldt, which were already facing losses, while Renk’s shares have now entered negative territory.
