Decline on the Stockholm Stock Exchange

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Decline on the Stockholm Stock Exchange
Photo: Claudio Bresciani/TT

The Stockholm Stock Exchange opens clearly lower in early trading. The OMXS index falls 1.1 percent.

The shaky situation on leading stock markets continues and today's decline means that the Stockholm Stock Exchange's rise since the turn of the year is now "only" 2.6 percent.

The price drop follows sharp declines in the leading Asian markets and the global stock index, MSCI All Country, has fallen 3 percent during the week - the worst performance since April this year.

The gloomy mood is linked to AI concerns and the New York Stock Exchange turned downward yesterday after an early rise. The price change for the broad S&P 500 index, 3.6 percent, from the day's high to the close was also the biggest change since April when President Donald Trump unveiled his tariff package.

Among the worst-performing stocks on the OMXS30 list is defense group Saab, which fell 2.6 percent, while mining giant Boliden also fell sharply. The stock is down 2.1 percent. Clothing company H&M has announced that it will begin a share buyback program, which traditionally boosts the stock price. The stock is also one of the best performers today, down 0.4 percent.

Yesterday evening, the news came that Kinnevik CEO Georgi Ganev is leaving. The market is clearly taking the news positively and the share price is up 2.2 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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