The stock market fell as global tech sell-off loomed

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The stock market fell as global tech sell-off loomed
Photo: Fredrik Sandberg/TT

The decline was broad, with several engineering companies at the bottom. Mining company Epiroc fell the most among large companies, down 4.9 percent. At the other end was pharmaceutical manufacturer AstraZeneca, which rose 2.8 percent.

The loss came after technology stocks around the world fell sharply, starting in the US on Monday evening, where SpaceX, among others, plunged 16 percent. In Asia, the falls were sharp, with trading halted in South Korea.

Developments on the leading European stock exchanges were mixed on Tuesday. London rose, while Frankfurt and Paris fell.

A barrel of North Sea oil cost around $77 late in the afternoon.

The krona has weakened further. One euro is once again above 11 kronor, while the US dollar is quoted at 9.72 kronor.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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