(Reuters) -Shares in European arms makers fell for a second day on Monday as the U.S. and Ukraine were set to continue work on a plan to end the war with Russia. In a joint statement released after
European Defence Stocks Decline Amid Ukraine Peace Negotiations
(Reuters) -Shares in European arms makers fell for a second day on Monday as the U.S. and Ukraine were set to continue work on a plan to end the war with Russia.
In a joint statement released after talks in Geneva on Sunday between U.S. and Ukrainian delegations, the two sides said they had drafted a "refined peace framework" although they did not provide specifics.
An index of aerospace and defence companies was down 0.6% at 0813 GMT at its lowest since late August, after falling 3.4% on Friday to log its biggest weekly loss since March.
Monday's move compares with a 0.6% rise on the wider European STOXX 600 index.
Shares in Germany's Renk were down around 3%, following a 6% slide on Friday. Sensor systems maker Hensoldt was also down some 3% after falling 6.6% on Friday.
Rheinmetall slipped 2.3%, while Italy's Leonardo, Sweden's Saab and France's Thales were down between around 0.5% and 2%.
(Reporting by Anna Pruchnicka; Editing by Amanda Cooper)
