Stockholm stock exchange slump continues

After shedding 3.9. percent on Tuesday, the Stockholm stock exchange continued to drop sharply on Wednesday morning.

Five minutes after the start of trading, the OMXS index had slipped back a further 1.9 percent to 377.7 points, while the OMX Nordic index had fallen by 2.2 percent to 1,2213.8 points.

Tuesday’s drop on the OMXS index was the largest recorded for a single day since May of last year.

A similar trend also remained evident in the rest of Europe and Asia. The Tokyo stock exchange had already lost 3 percent of its value earlier on Wednesday morning.

In Shanghai however, where a 9 percent drop on Tuesday precipitated much of the current wobble, the stock exchange began to recover on Wednesday.