After a turbulent global situation, the Stockholm Stock Exchange opened down at minus 0.5 percent. That after a weak stock market Monday, when the Stockholm Stock Exchange closed minus 1.1 percent.
At 3 p.m., the loss is down to 1.6 percent.
Much depends on the geopolitics between the US and China. Nancy Pelosi, Speaker of the US House of Representatives, is expected to visit Taiwan during a trip to Asia, according to information provided to CNN. That has prompted Beijing to react strongly, saying it would “fundamentally upset the US-China relationship”.
For the same reasons, there were gloomy expressions on the stock exchanges in Asia. Hong Kong’s Hang Seng index closed down 2.4 percent and the composite indices in Shanghai and Shenzhen ended the day at minus 2.3 and minus 2.9 percent, respectively. On Taiwan’s weighted index, the decline was 1.6 percent.
The OMXS30 has retreated 0.9 percent, and of the index’s 30 companies, only five of them are in the positive. Of them, pharmaceutical giant Astra Zeneca is doing best, up 0.7 percent.
The worst performing real estate company SBB is down 5 percent. The stock has retreated more than 60 percent since the end of March this year.
The reporting season is not quite over yet and today came quarterly figures from International Petroleum, crypto platform Coinshares, podcast company Acast and gaming giant Paradox.
The latter beat expectations and stands out on the red stock market: The stock rises 5 percent.