Exchange plummets in early trading

The Stockholm stock exchange plunged five percent in the first 20 minutes of trading on Wednesday, in line with trends in Asia and the United States.

Bank stocks led the fall, with Swedbank’s share price dropping 6 percent.

Shares in Ericsson shed 5 percent of their value.

Engineering giant ABB dropped 8 percent.

And falling oil prices contributed to a 9 percent retreat for Lundin Petroleum.