The decline came after the New York Stock Exchange also fell the day before. And during the night, Swedish time, Asian stock exchanges also fell, especially the Tokyo Stock Exchange, which fell over 3 percent.
The price declines were partly due to concerns about the valuations of AI companies. Wednesday's interim report from American chip giant Nvidia will therefore be an important factor for the immediate development. Later this week, new labor market statistics from the US will also be released for the first time since the government restarted.
On the Stockholm Stock Exchange, the decline was broad-based: all shares in the large-cap index OMXS30 fell. The worst performers were industrial group ABB and defense company Saab, which fell 4.4 and 4.3 percent respectively.
Outside of OMXS30, audiobook company Storytel lost 3.6 percent after the news that streaming giant Spotify will enter the audiobook market in Sweden.
Clas Ohlson announced that the gadget chain is buying 70 percent of the shares in the two companies Phonelife and Reservdelaronline. The share fell 0.7 percent.
One of the few winners was the eyewear chain Synsam, which rose 4.2 percent after presenting a positive interim report this morning.
Indices on the stock exchanges in Frankfurt, London and Paris lost 1.5–2 percent.
