Stock market crash continues – down 8 percent in three days

  

Stockholm Stock Exchange

Minus on the Stockholm Stock Exchange

Oskar Forsberg

Updated 17.49 | Published 17.01

It's blood red on the world's stock exchanges.

The Stockholm Stock Exchange just closed at minus 2.57 percent.

Even in the US it is down.

The Stockholm Stock Exchange continues its downward spiral. The stock market has now fallen eight percent in four days.

OMXSPI closed at minus 2.57 percent.

The index of the thirty most traded shares on the Stockholm Stock Exchange, OMXS30, ended at minus 2.26 percent.

Biggest fall since 1987

In Japan, the trading week started sharply lower. The Nikkei 225 index plummeted over 12 percent. It is the biggest case since the so-called "Black Monday" in 1987.

Hong Kong's Hang Seng index also retreated, just like the stock market in South Korea.

Stock market worries already started at the end of last week, after unexpectedly weak US job figures.

The Stockholm Stock Exchange fell over 3 percent on Friday. Also in London, Paris and Frankfurt, the stock exchanges closed the trading week in the red.

Race on Wall Street

Shortly after opening on Wall Street today, the broad index S&P 500 was down 4.1 percent.

Industry-heavy Dow Jones was minus 2.8 percent and technology-heavy Nasdaq plummeted by more than 6 percent.

Among the highs on the US stock markets, semiconductor giant Nvidia fell more than 9 percent in the minutes just after the opening. Tesla also lost over 7 percent and Apple over 5 percent.

Tech giants recovered somewhat

After the US market was open for an hour, some of the initial fall had been recovered. At 4:30 p.m., the S&P 500 was down 3.4 percent, the Dow Jones was down 2.5 percent and the Nasdaq was down 3.9 percent.

Nvidia's sharp decline had recovered slightly to minus 7.5 percent, Tesla to minus 5.4 and Apple remained at minus around 5 percent.

 

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Stockholm Stock Exchange
5 points about: The global stock market turmoil

Martina Karpmyr

Published 11.53

The Stockholm Stock Exchange falls sharply on Monday morning and last night the Tokyo Stock Exchange had its worst day since Black Monday in 1987.

Stock market unrest in the world already flared up last week – the background is both interest rate increases, war and shaky AI investments.

Here are five points about what triggered the red numbers.

1. The US economy is worrying

Concerns on the world's stock exchanges began to be felt already last week - after new statistics from the world's largest economy, the United States, were presented.

The statistics show rising unemployment, a slowdown in the manufacturing industry and fewer new jobs.

Now many are wondering if the central bank, the Federal Reserve, went too far with its interest rate cuts and thus damaged the economy.

2. High interest rates in Japan

Last night, Swedish time, the Tokyo stock exchange had its worst trading day in several decades and closed at minus 12.4 percent. The stock markets in South Korea and Taiwan also fell.

The Bank of Japan decided to raise interest rates last week, for the second time in 17 years. That strengthened the Japanese yen and has led to concerns about how the country's expert industry and tourism could be affected.

3. War and unrest in the Middle East

The geopolitical situation also worries the stock markets worldwide.

Not least, experts warn of an increased risk of major war in the Middle East. Tensions between Israel, Iran and Iran-backed Hezbollah in Lebanon have escalated since the war in Gaza began last year.

A major war would have major security policy and economic consequences for large parts of the world.

Photo: Seth Wenig/AP

4. Concerns about the AI ​​and technology sector

Indeed, the stock market has also been doing well for some time – largely due to the success of major tech and AI companies.

But in recent weeks, a "tech frenzy" has bubbled up there as well. Several companies in the tech sector have delivered worse-than-expected interim reports, making investors nervous.

5. What happens now?

Many will keep a close eye on how the US economy is doing - and what the Fed will do with interest rates in the US.

It is currently difficult to know how the stock market development will look in the future.

For those who save long-term on the stock market, the advice from the experts is not to panic, let the savings lie and wait out the downturn.