Stockholm Stock Exchange Drops After Trump's Tariff Announcement

The Stockholm Stock Exchange fell back on Thursday after a new tariff move by US President Donald Trump. The broad OMXS-index fell 0.9 percent.

» Published: June 12 2025

Stockholm Stock Exchange Drops After Trump's Tariff Announcement
Photo: Claudio Bresciani/TT

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Most of the companies in OMXS30, the index of the most traded shares, closed on a minus. Worst off was the housing company SBB, down 5.2 percent, and the investment company Kinnevik, which lost 3.5 percent.

Going against the trend were among others the large bank SEB, the pharmaceutical company Astra Zeneca and the telecommunications company Tele2, which all rose 0.5 percent.

During the night before Thursday, Donald Trump threatened to send completed customs agreements to several trading partners within two weeks – several weeks before the announced customs pause expires on July 9.

The Clas Ohlson chain reported a balance sheet showing a profit margin better than market expectations. The stock surged almost 17 percent

On the foreign exchange market, the krona strengthened against both the dollar and the euro. A dollar cost 9.44 kronor at market close and a euro 10.93 kronor.

On the leading European stock exchanges, the development was mixed. The index movements were relatively small with an increase in London, a decline in Frankfurt and an almost unchanged index in Paris.

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By TTTranslated and adapted by Sweden Herald
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