Many courses rose in late trading since it became clear that the introduction of the US's new tariffs against Mexico would be paused for a month. The broad OMXS-index closed at minus 1.3 percent. The OMXS30-index – with the stock exchange's most traded shares – fell 1.4 percent.
Only two companies in the OMXS30 rose: the defense group Saab, up 1.2 percent, and truck manufacturer Volvo, plus 0.3 percent. Generally, companies with a defensive profile fared best, i.e. shares that usually attract investors in uncertain times.
The worst performer in the OMXS30 was household appliance manufacturer Electrolux, which fell 3.6 percent. Cloud service company Sinch and bearing giant SKF also had a bad day, down 3.4 and 3.2 percent, respectively.
Outside the large-cap list, a sharp price fall was noted for Volvo Cars. The car manufacturer lost 4.6 percent.
The move by Trump strengthened the US dollar against the Swedish krona. One dollar cost 11.12 kronor at the close of the exchange.
Leading European stock exchanges followed the same path as the Stockholm Stock Exchange. Indices in Frankfurt, London, and Paris fell between 1 and 1.5 percent.
