After just over an hour of trading, the OMXS index has fallen 1.6 percent in a broad decline - which follows the price drop of 2.4 percent on Friday.

Among the most traded stocks in the OMXS30 index, 29 out of 30 stocks are in the red.

The development is in line with leading European stock exchanges and comes despite an upturn in futures trading ahead of Monday's trading on Wall Street.

Stenbecksfären's power company Kinnevik is among the losers with a price drop of 2.7 percent.

The big banks - which took a big hit in Friday's turbulence - are also losing.

Nordea's share retreats 2.7 percent, while the Wallenberg sphere's SEB and Swedbank are down 2.2-2.3 percent.

The krone is lifting slightly against the dollar, which is losing on a broad front.

And in the fixed income market, bond yields are being pushed downwards since heavy analysts have started to reduce expectations of new interest rate increases from the US central bank, the Federal Reserve (Fed).

In Friday's trading, the Nasdaq stock exchange and the broader S&P 500 index fell by 1.8 and 1.4 percent, respectively.

In futures trading, both indices are now up by 0.6–0.9 percent.

The rise in futures trading on Wall Street follows the night's announcement from the US Treasury Department and central bank that all deposits in the collapsed niche bank Silicon Valley Bank (SVB) are guaranteed by US authorities - even those deposits that are not actually covered by the country's bank guarantee.