Shares of European and Asian defense companies rose on Monday as investors assessed the Venezuela crisis turning into a major geopolitical shift that could boost rearmament trade in the long term. German weapons manufacturer Rheinmetall's shares gained over 7% at the start of trading, while Hensoldt's shares, specializing in military technology and surveillance, rose by nearly 7%. Swedish fighter jet manufacturer Saab's shares jumped by around 5%. Italian company Leonardo's shares rose 5.8%, and German company Rheinmetall's shares added 5.8%. Earlier, Japanese company IHI led Asian defense shares higher, recording an increase.
