Investors avoiding risks from the Iran war are selling stocks and bonds and rebuilding cash allocations, in an echo of strategies followed after Russia invaded Ukraine in 2022.

European stocks tumbled on Friday, with a number of regional indexes moving into correction as bond yields rose on inflation concerns with the Middle East war dragging on.

Vincorion SE’s shares rallied in their Frankfurt trading debut, as the German supplier of power systems for military vehicles joined Europe’s growing ranks of defense stocks.

Complacent investors who assume there will be a swift resolution to the Iran war are making a high-risk bet given how bad surging oil prices typically end up being for stocks, according to strategists at JPMorgan Chase & Co.

Exail Technologies SA shares have jumped in the past two weeks as Iran’s closure of the Strait of Hormuz thrust the French defense contractor’s seagoing, mine-destroying drones into the spotlight.

European stocks extended declines after Iranian Supreme Leader Mojtaba Khamenei said the Straight of Hormuz should stay closed, adding to concerns over disruption to global oil supplies.

European stocks dropped on lingering concern about the war in Iran, higher oil prices and the potential for higher interest rates.

Equity analysts still attach attractive valuations to many European stocks at the heart of the selloff over artificial intelligence disruption fears, revealing a sharp contrast with investors over how to assess companies in the frontlines of the AI reckoning.

South Korea’s equity market has surged past France to become the ninth-largest in the world, propelled by gains in technology shares riding the global boom in artificial intelligence.

Speculators are again ramping up bets against call-center operator Teleperformance SE’s shares, wagering that the French company’s business will suffer further from the widespread adoption of artificial intelligence tools.

European stocks powered ahead for a third day, reaching a fresh record, as strong earnings reports gave traders the confidence to keep rotating out of US companies and into ones from Germany, France and the UK.

European stocks were muted on a mixed batch of earnings, with Kering SA rallying on better-than-expected results, while BP Plc dropped after halting share buybacks.

European stocks turned higher in a volatile Friday session as a rebound in drugmaker Novo Nordisk A/S helped counter weakness in carmakers.

US small- and mid-cap stocks are the best bets ahead of midterm elections as technology heavyweights lose their appeal, according to strategists at Bank of America Corp.

Software makers, advertising agencies and investment firms were caught in another wave of selling as investors worried about the business risks they face from better artificial intelligence tools.

BNP Paribas SA and Societe Generale SA are on the cusp of a benchmark that has eluded two of France’s largest-listed lenders for years.

A French fund that has beaten 99% of its peers over the past three years bought into Microsoft Corp.’s $357 billion rout on Thursday, predicting its heavy investments in artificial intelligence will eventually pay off.

US Commerce Secretary Howard Lutnick told the elites gathered in Davos that the Trump administration believes globalization is “a failed policy” that left America behind. A day later, his boss, President Donald Trump, predicted the US stock market would double from records he openly took credit for.

European shares tumbled from a near-record high, while credit risk gauges rose after Donald Trump reignited the trade war between the US and Europe, threatening fresh tariffs on eight countries over Greenland.

European shares tumbled from a near-record high, while credit risk gauges rose after Donald Trump reignited the trade war between the US and Europe, threatening fresh tariffs on eight countries over Greenland.