During the morning, the leading Asian markets have retreated significantly in the wake of yesterday's decline on Wall Street. In particular, there is now renewed concern about the valuations of AI companies and the New York Stock Exchange's S&P-500 index has fallen 3.2 percent since the last record price on October 28. This is now causing analysts to warn of a possible stock market correction of up to 10 percent, writes Bloomberg.
The concern is also spreading to the European markets and Stockholm. All companies on the OMXS30 list except pharmaceutical giant Astra Zeneca are falling. Engineering giant ABB is the worst hit. The share is down 3.5 percent despite the announcement in connection with Tuesday's Capital Markets Day that it is raising its margin target.
Construction giant Skanska is also doing the same for its construction operations. However, the fall is somewhat milder there, minus 1.7 percent.
Clas Ohlson in turn announces that it is buying 70 percent of the shares in the two companies Phonelife and Reservdelaronline. The share rises 0.7 percent.
Eyeglass chain Synsam has released interim figures this morning showing increased profits in the third quarter. The share price is up 5.4 percent.
There are small movements in the foreign exchange market and one dollar now costs 9.48 kronor, while one euro in turn is at 11 kronor.
