The Stockholm Stock Exchange falls sharply on the last trading day of the week, after the banking crisis that spread from the US on Thursday. The broad OMXS index retreats 2.3 percent after just under an hour of trading. The major banks fall the most, after broad stock market falls in the banking sector that began in the United States on Thursday. All European banks fell sharply after concerns arose when Californian bank SVB Financial, which has lent money to the technology industry, fell 60 percent on Thursday. All major companies back Swedbank is down 5.3, Handelsbanken minus 3.8 percent and SEB falls 3.5 percent. All major companies are backing down, among the others apart from the major banks that lose the most are Kinnevik, SBB and Sandvik. Tele2, Hexagon and Getinge are among those losing the least.
t4-general
The Swedish stock market goes down significantly – after the American banking frenzy
