Among the most traded stocks on the OMX30 list, Evolution had the most struggling.

The online casino company plummeted 11.1 percent and has so far this year lost over 29 percent of its value.

The biggest losers were also the investment company Kinnevik and the mining company Boliden, which fell 5.3 and 5.0 percent respectively.

The decline on the OMXS30 was broad.

Only three shares rose: the hygiene company Essity 0.6 percent, the engineering giant Atlas Copco 0.5 percent and the pharmaceutical company Astra Zeneca 0.1 percent.

The cryptocurrency bitcoin fell to its lowest level since July last year, while the interest rate on the ten-year government bond rose to 1.97 percent.

The leading European stock exchanges noted significant declines.

The FTSE100 index in London fell 2.3 percent and the CAC40 index in Paris fell 2.8 percent.

The DAX index in Frankfurt had fallen 2.2 percent by 6 p.m.