Stockholm Stock Exchange Drops After Trump's Tariff Announcement

Published:

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

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.

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.

Tags

Author

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

More news

Iran Approves Plan to Remove Four Zeros from Currency

Iran Approves Plan to Remove Four Zeros from Currency

Bitcoin Hits New Record High at Over $125,689

Bitcoin Hits New Record High at Over $125,689

Why Saudi Arabia Seeks to Acquire Gaming Giant EA

Why Saudi Arabia Seeks to Acquire Gaming Giant EA

Record Number of Apartments for Sale on Hemnet in September

Record Number of Apartments for Sale on Hemnet in September

US Tariffs on Swedish Timber Threaten Sawmill Profitability

US Tariffs on Swedish Timber Threaten Sawmill Profitability

Tips for Selling Gold: What to Consider Beforehand

Tips for Selling Gold: What to Consider Beforehand

Gold Prices Surge as Complaints Against Private Sellers Rise

Gold Prices Surge as Complaints Against Private Sellers Rise

US Stock Market Closes Mixed After Strong Week

US Stock Market Closes Mixed After Strong Week

Nelly Wins Case Against Shein but Must Pay Legal Costs

Nelly Wins Case Against Shein but Must Pay Legal Costs

Offline Card Purchases Coming by Summer 2026 in Sweden

Offline Card Purchases Coming by Summer 2026 in Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Oskarshamn Nuclear Reactor Restart Delayed Again

Oskarshamn Nuclear Reactor Restart Delayed Again

Financial Supervisory Authority Warns of Growing Scam List

Financial Supervisory Authority Warns of Growing Scam List

Service Sector Shows Clear Recovery in September Index

Service Sector Shows Clear Recovery in September Index

Second-Highest Rent Increase in Over 20 Years Reported This Year

Second-Highest Rent Increase in Over 20 Years Reported This Year

Stockholm Stock Market Rises for Sixth Consecutive Day

Stockholm Stock Market Rises for Sixth Consecutive Day

International Flights Rise in Sweden This Year

International Flights Rise in Sweden This Year