Published 24 January 2022 at 12.46
Economics. The Stockholm Stock Exchange is collapsing and is on its way to its worst day in a year and a half, reports Dagens Industri.
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The broad index on the Stockholm Stock Exchange had fallen by almost 4 percent at lunchtime on Monday.
In Russia, at the same time, the loss is over 10 percent. The possibility of a military conflict in Ukraine is believed to fuel the stock market turmoil.
The cryptocurrencies also continue to fall, and the value of a bitcoin was just over 33,000 dollars on Monday. It has been almost halved since the November highs.
Inflation concerns are seen as a major cause of fluctuations. The US Federal Reserve will issue a new interest rate announcement on Wednesday, and new US inflation figures will come later this week.