Technology worries pressure Stockholm Stock
Photo: Stina Stjernkvist/TT

Technology worries pressure Stockholm Stock Exchange

A renewed global tech panic weighed on the Stockholm Stock Exchange during Friday trading. The decline intensified after lunch, and at the close, the broad OMXS index fell 0.8 percent.

Asian stock markets plummeted during overnight trading after the tech rally picked up again.

Apple fell sharply on the US Nasdaq yesterday evening, while media reports said the IPO of OpenAI was postponed until next year.

Among the losers on the heavyweight list were engineering companies Sandvik and Atlas Copco, both down 2.7 percent. At the other end, pharmaceutical company AstraZeneca rose 1.3 percent and telecom operator Tele2 rose 0.9 percent.

During the week as a whole, the Stockholm Stock Exchange has fallen 0.7 percent.

After a few hours of trading on the US stock market, Wall Street was turning up, with the technology-heavy Nasdaq up 0.2 percent.

North Sea oil fell again, to $72.17, despite an attack on a ship in the Strait of Hormuz on Thursday.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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