Stockholm Stock Exchange opens week with gains, Digi Mart USA News: The Stockholm Stock Exchange opened weakly on the downside but quickly turned positive when the trading week began. After roughly half an hour of trading, the OMXS index had risen 0.4 percent.
Defense group Saab and mining company Boliden were the biggest gainers, up 1.8 percent and 1.7 percent respectively. Telecom equipment maker Ericsson and clothing chain H&M weighed on the market with declines of 0.5 percent and 0.7 percent.
Overnight, most Asian exchanges moved higher, with technology shares in Tokyo and Taiwan rising sharply after last week’s setback. On Wall Street, stocks rebounded on Friday following the steep sell-offs on Thursday, particularly among AI-exposed shares.
The technology-heavy Nasdaq closed the week up 1.1 percent, reducing its decline for the turbulent trading week to 3.3 percent. The Stockholm OMXS index had fallen 0.8 percent on Friday but remained up 9.2 percent year to date.
