Wall Street closed higher on Monday. However, sentiment turned bearish overnight on leading Asian exchanges. The decline was particularly pronounced among technology stocks, especially companies linked to the AI sector.
Ahead of the market open, automation group ABB and mobile operator Tele2 presented quarterly reports. ABB also announced a major investment in a joint venture with Japan's Mitsubishi Electric in the Asia-Pacific region.
The price of North Sea oil rose 0.5 percent to $110 per barrel, while the dollar fell to SEK 9.89.
The Stockholm Stock Exchange's OMXS index fell 0.8 percent on Monday and has risen 8 percent since the start of the year.