Black day on the world's stock exchanges

The global stock market anxiety is rising. During the night, the Tokyo stock exchange has had its worst fall since "Black Monday" 1987. It is completely clear a large and remarkable downturn, says SEB's private economist Américo Fernández. Even on the leading European stock exchanges, including in Stockholm, it's all red.

» Published:

Black day on the world's stock exchanges
Photo: Anders Humlebo/TT

Share this article

In Japan, the trading week started strongly downward. The Nikkei 225 index plummeted over 12 percent. Hong Kong's Hang Seng index also fell, just like the stock market in South Korea.

It's likely that a combination of factors is shaking the world's stock markets, according to Américo Fernández.

Everything from quarterly reports from major companies coming in slightly worse than expected to economic trends that haven't recovered as quickly as desired. Another factor is the geopolitical turbulence in parts of the Middle East, which is causing risk appetite to decrease globally and affecting the stock market.

Red numbers

The global stock market anxiety started already at the end of last week after unexpectedly weak American job numbers.

The Stockholm stock exchange fell over 3 percent on Friday. The stock exchanges in London, Paris, and Frankfurt also closed the trading week in the red.

Monday doesn't look much better right now. The Stockholm stock exchange plummeted over 4 percent initially. The leading European stock exchanges are also falling.

The krona strengthens

Trading in the USA is also pointing to significant declines ahead of Monday's trading. The tech-heavy Nasdaq is expected to lose over 4 percent. The broad S&P 500 and Dow Jones industrial index are also pointing to minus.

The cryptocurrencies are also following the downturn. Bitcoin, the largest cryptocurrency, is falling and is now hovering around 52,700 dollars. This can be compared to over 58,500 dollars on Monday morning. A decline of over 10 percent. Ether is falling by as much as 15 percent.

The Swedish krona is strengthening slightly against the dollar on Monday morning and costs 10.56 kronor. One euro costs 11.57 kronor.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Warner Bros. Discovery Soars on Wall Street Amid Paramount Bid Rumors

Warner Bros. Discovery Soars on Wall Street Amid Paramount Bid Rumors

US Inflation Matches August Expectations

US Inflation Matches August Expectations

ECB Keeps Interest Rates Steady

ECB Keeps Interest Rates Steady

Novo Nordisk to End Remote Work in 2024

Novo Nordisk to End Remote Work in 2024

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Switzerland Suggests Moving Gold Refineries to USA to Lower Tariffs

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna's Stock Market Debut Attracts Swedish Small Investors

Oil Demand Surpasses Expectations for 2026, Says IEA

Oil Demand Surpasses Expectations for 2026, Says IEA

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Stockholm Stock Market Rises Slightly as Rusta Drops 13 Percent

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Swedish Dockworkers' Union and Employers Reach Agreement Ending Dispute

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Technology Industry Faces Weak Growth, Says Teknikföretagen Report

Food Prices Drop for First Time This Year in Sweden

Food Prices Drop for First Time This Year in Sweden

Noba to Join Stockholm Stock Exchange with Existing Shares

Noba to Join Stockholm Stock Exchange with Existing Shares

Rusta Reports Decreased Profit Despite Increased Sales

Rusta Reports Decreased Profit Despite Increased Sales

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Sweden's Labor Market Faces Slow Recovery Despite Job Gains

Nikkei 225 Hits New Record Amid Wall Street Optimism

Nikkei 225 Hits New Record Amid Wall Street Optimism

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Klarna's NYSE Listing Boosts Growth and Talent Attraction

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Oracle Surges 36% on NYSE, Overtakes Klarna's Major Listing

Klarna's Stock Surges 30% in Initial New York Trading

Klarna's Stock Surges 30% in Initial New York Trading

Klarna CEO Outlines Strategy to Dominate Global Payment Market

Klarna CEO Outlines Strategy to Dominate Global Payment Market

SEC Challenges Global Sustainability Reporting Standards

SEC Challenges Global Sustainability Reporting Standards