(Reuters) – European defence company shares rallied for a second day on Tuesday, after U.S. President Donald Trump paused military aid to Ukraine.
Shares in Rheinmetall, which provides parts for the Leopard 2 tank, were up around 3%, while sensor maker Hensoldt soared 16% and BAE Systems rose 1.7%. Shares in Renk rose another 9%.
An index of aerospace and defence companies rose 0.8%, having logged its biggest one-day jump since November 2020 on Monday after leaders from major European economies agreed to ramp up defence spending.
(Reporting by Isabel Demetz; Editing by Amanda Cooper)
