The Stockholm Stock Exchange falls heavily – the lowest level in two years

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Published 3 October 2022 at 11.28

Economy. International banking turmoil causes the Stockholm Stock Exchange to continue falling on Monday.

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At the time of writing, the Stockholm Stock Exchange index OMXSPI has decreased by 2.51 percent and is thus down to the lowest level since October 2020.

It is the banks that are today's big losers.< /p>

They are retreating sharply since the major Swiss bank Credit Suisse created market unrest. The spreads on this bank's so-called credit swaps have risen to the highest levels since 2009, writes Dagens Industri.

The Stockholm stock exchange has fallen by over 33 percent so far this year.