Around the World's Markets: Stockholm

Click to follow
The Independent Online
SWEDISH STOCKS posted their biggest losses since early October, with the OMX index shedding 5.8 per cent to finish at 586.

Ericsson, the third-largest mobile phone maker in the world, recorded its biggest-ever one-day loss - 28 per cent - as it said profits would undershoot and margins would fall as demand shifts to cheaper models. Astra dipped 6 per cent, paring the 13 per cent surge on Wednesday, on fears that its merger with Zeneca may not deliver a profits boost as soon as anticipated.