2026年第一周给全球投资者的经验：动荡不止、军工不败

Group 1 - The geopolitical instability is increasing, reinforcing the military sector's position as a core long-term growth theme for the year [1] - The ongoing Russia-Ukraine conflict and U.S. military actions in Venezuela have heightened concerns about global security, leading to expectations of increased military spending by governments [1][2] - European defense stocks surged by 90% in 2025 and rose another 21% in January 2026, with significant gains also seen in Asian markets [1] Group 2 - The call for a $500 billion increase in the U.S. defense budget by Trump has further fueled market enthusiasm, with defense stocks being viewed as a strong long-term investment theme [2] - Rheinmetall AG, a German arms manufacturer, has become a preferred choice for investors, experiencing a 150% increase in 2025 and a further 22% rise in January [2] - South Korean defense contractors like Hanwha Aerospace Co. and Hyundai Rotem Co. have seen substantial stock price increases, driven by expectations of growth in export orders [3] Group 3 - U.S. defense stocks have also risen but at a more moderate pace, with a 13% increase in January following a 30% rise in 2025 [4] - Restrictions on stock buybacks and dividends proposed by Trump may dampen investor sentiment towards U.S. defense stocks, making European counterparts more attractive [4] - Analysts suggest that the recent rebound has pushed European defense stocks to relatively expensive levels compared to regional benchmarks, raising concerns about valuation [5]