(Bloomberg Opinion) — Shots have been fired in the Middle East. Whether the feud escalates or not, Japan’s defense companies may have found the catalyst they needed.Stock prices of Japanese machinery makers that also produce assault rifles, flare bombs and other military equipment surged as much as 25% Wednesday, after Iran fired rockets at two U.S. bases in Iraq in response to the American attack that killed General Qassem Soleimani. Iran’s foreign minister said his country wasn’t seeking escalation, and President Donald Trump refrained from immediately threatening retaliation. Such price movements in defense-related stocks have happened before, when tensions worsen …read more
Source:: Yahoo Finance
