Exchange rages over three percent – Vestmanlands County Newspaper

Renewed concerns about growth prospects in the world economy has flared up again and led to a global stock market decline on Monday. When closing the Stockholm Stock Exchange had OMXS index slumped 4.3 percent. The leading European stock markets also fell sharply. In the Nordic market fell Copenhagen C20 index the most, 5.4 percent, the biggest drop in the index’s history. On the Oslo Stock Exchange index fell over four percent.

While the major indexes on Wall Street in the United States after a few hours of trade passed down over 2 percent.

China statistics worried

Robert Bergqvist, chief economy at SEB, says that the stock market crash is about a continued concern over the global economy, with the result that the buyers are waiting.

– If there are a number of players who are prepared to sell and not as many who are ready to buy, we get very rapid price declines, says Bergqvist said.

According to Bergqvist is because some of the uncertainty that investors fear that the statistics that China’s government leaves out is worse than it looks. But the exchanges can turn so fast it will economic data from the US or Europe that shows that the world economy is growing.

Joakim Bornold, savings economist at Nordnet, urges small investors not to act heavily on the stock market decline.

– One tip is not to act too quickly, without sharing it out over several days. The risk is that you sell just a day like this when it goes down a lot.

Broad downturn

The decline in Stockholm was wide, all of the large cap stocks landed on the minus the cyclical manufacturing companies in the front.

the very worst was Assa Abloy after its quarterly report fell by 9.8 per cent since the leadership announced poorer prospects in emerging markets. The steel company SSAB dropped 7.2 percent.

Fingerprint Cards went as usual yo-yo on the stock exchange but on Monday hung it with the other big companies into the basement. Shares fell 7.2 percent.

FTSE index fell 2.7 percent, the Frankfurt Stock Exchange’s DAX index fell 3.3 percent and the Paris Stock Exchange’s CAC index dropped 3.2 percent.