In Japan, the trading week started strongly downward. The Nikkei 225 index plummeted over 12 percent. Hong Kong's Hang Seng index also fell, just like the stock market in South Korea.
It's likely that a combination of factors is shaking the world's stock markets, according to Américo Fernández.
Everything from quarterly reports from major companies coming in slightly worse than expected to economic trends that haven't recovered as quickly as desired. Another factor is the geopolitical turbulence in parts of the Middle East, which is causing risk appetite to decrease globally and affecting the stock market.
Red numbers
The global stock market anxiety started already at the end of last week after unexpectedly weak American job numbers.
The Stockholm stock exchange fell over 3 percent on Friday. The stock exchanges in London, Paris, and Frankfurt also closed the trading week in the red.
Monday doesn't look much better right now. The Stockholm stock exchange plummeted over 4 percent initially. The leading European stock exchanges are also falling.
The krona strengthens
Trading in the USA is also pointing to significant declines ahead of Monday's trading. The tech-heavy Nasdaq is expected to lose over 4 percent. The broad S&P 500 and Dow Jones industrial index are also pointing to minus.
The cryptocurrencies are also following the downturn. Bitcoin, the largest cryptocurrency, is falling and is now hovering around 52,700 dollars. This can be compared to over 58,500 dollars on Monday morning. A decline of over 10 percent. Ether is falling by as much as 15 percent.
The Swedish krona is strengthening slightly against the dollar on Monday morning and costs 10.56 kronor. One euro costs 11.57 kronor.
