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.