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Economy & business1 min

Stockholm stock market crash pauses as index rises at opening

Key Points
  • The OMXS index rose at opening on Wednesday, pausing a recent crash.
  • Stockholm's market had fallen nearly 5% in the past two days amid global declines.
  • Oil prices stabilized after U.S. military assurances in the Strait of Hormuz.

According to multiple Swedish news sources, the crash on the Stockholm stock exchange has paused, at least temporarily. At the opening on Wednesday morning, the OMXS index turned upward. After a quarter of trading, the broad OMXS index reportedly rose by half a percent.

The sources note that the Stockholm stock exchange and other global markets have fallen sharply in the past two days, with declines in Stockholm nearing 5 percent. Larger European stock exchanges are also reportedly rising at the start. , markets closed down around 1 percent yesterday, and futures trading indicates continued falling prices in the afternoon.

5 percent in the morning Swedish time and the crash in South Korea reportedly around 10 percent. S. 50 in the morning.

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How we verified this article

MediumBased on 11 sources
11 sources2 Involved