Boliden and H&M Stocks Drop Amid Weak Stockholm Market

The Stockholm stock exchange fell on Thursday, weighed down by declines in, among other things, Boliden and H&M. The broad OMXS index lost 1.0 percent.

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Boliden and H&M Stocks Drop Amid Weak Stockholm Market
Photo: Claudio Bresciani/TT

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Mining company Boliden, the worst on the large company list OMXS30, fell 4.0 percent, while the index-heavy clothing giant H&M, which decreased 2.6 percent.

Only 4 stocks out of 30 in OMXS30 closed on the plus side. The best of them was the telecom operator Tele2, which rose 2.7 percent.

At the same time, the customs negotiations are in the final stretch. US President Donald Trump announced on Thursday night that an agreement with South Korea on 15-percent tariffs is in place. He also stated that Indian exports to the US will be subject to 25-percent tariffs and exports from Brazil with 50-percent tariffs.

The krona strengthened slightly against both the dollar and the euro. One dollar cost at the close of the stock exchange 9.76 kronor and one euro 11.17 kronor.

On the leading European stock exchanges, it mostly went downhill. Indices in Frankfurt and Paris declined by about 1 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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