Defense stocks in Europe and Asia jumped on the background of Trump's address to the 80th session of the UN General Assembly on the global situation, Bloomberg reported.
South Korea's Hanwha Aerospace is the leading gainer in Asia. Shares of the country's largest defense company jumped 5.9%, reaching a historic high. Shares of two other companies - Korea Aerospace Industries and Hyundai Rotem, also rose by 4%. Shares in Japan's IHI and Mitsubishi Heavy Industries rose 10% and 5%, respectively.
In Europe, shares in Swedish defense group SAAB also set a new record, jumping 5.8%. Shares in British company BAE Systems rose 1.6%, while those of German concern Rheinmetall rose 1.4%.
Global geopolitical tensions and expectations of increased military budgets have also sparked interest in the defense sector on global stock markets.