The Stockholm Stock Exchange turned lower as Saab weighed

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The Stockholm Stock Exchange turned lower as Saab weighed
Photo: Tomas Oneborg/SvD/TT

Renewed hopes for a peace settlement sent stock markets soaring on Wednesday. The following day, leading European stock exchanges saw a clear decline, although initial trading in New York was mixed.

Mining company Boliden led the OMXS30 index with a gain of 1.7 percent. Engineering giant Sandvik and defense group Saab went in the opposite direction. They fell 4.9 and 4.4 percent, respectively.

Skanska, which reported weaker-than-expected interim results, fell 2.2 percent.

Among the smaller companies, credit management company Intrum's share price plummeted 26.9 percent after it announced that it would issue shares and raise 7.5 billion kronor to reduce the company's debt.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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