Swedish investors lose US$22bil as benchmark stocks flounder


STOCKHOLM: Investors holding shares in some of Sweden’s biggest listed companies were left considerably poorer last week.

Disappointing second-quarter earnings from Ericsson AB, Nordea Bank AB and Atlas Copco AB led to the Stockholm benchmark OMXS30 index’s steepest weekly decline in 1½ years, shaving 180 billion kronor (US$22bil) off its total market value.

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Business , sweden

   

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