Stockholm Stock Exchange Set to Open Lower After US Tech Sell-Off
Photo: Christine Olsson/TT

Stockholm Stock Exchange Hits Record High as OMXS Rises 1%

The Stockholm Stock Exchange hits a new record high. After a few hours of trading, the OMXS index is up 1.0 percent.

After Wednesday's strong rally on the US stock market, the OMXS index rose further, reaching a new record of 1,159.29 points. Gains were broad among large companies, led by AB Volvo, up 2.4 percent.

Moving in the opposite direction was defence company Saab, down 2.5 percent. The defence sector has been weak recently, with declines among US defence giants.

Engineering company ABB fell 1.6 percent. This morning, the Financial Times reported, citing sources, that China would block SoftBank's acquisition of ABB's robotics division.

Pharmacy company Apotea, which released interim results this morning, fell 0.6 percent.

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