Stockholm stock market turned upward
Photo: Pontus Lundahl/TT

Stockholm stock market turned upward after a shaky start

The Stockholm Stock Exchange started shakily amid a wave of global market turmoil but recovered along with Wall Street. The OMXS index closed up 1.1 percent.

European stock markets shook off the wave of unrest that sent South Korea's leading index down more than 5 percent overnight. Leading indexes on Wall Street are also trading higher in early trading.

Pharmaceutical group AstraZeneca is among the winners in Stockholm, up 4 percent.

Defense group Saab was down 2.4 percent.

Appliance giant Electrolux surged 7.6 percent after Bank of America reiterated its buy recommendation.

The education group Academedia fell 0.5 percent after an interim report.

The prices of oil, gold and silver are falling and the dollar is hovering around 8.96 kronor, up from lows below 8.75 kronor last week.

Correction: In a previous version, the wrong price was stated for the Electrolux share.

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

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