I haven't seen a thread on the brief 'flash crash' that hit some European markets this morning. Particularly the Nordic markets:
The OMX Stockholm 30 Index slumped as much as 8% in just five minutes before recovering most of the losses shortly after. The index was trading 1.1% lower as of 1:00 p.m. CET, roughly in line with a dip in broader markets.
STOCKHOLM (Reuters) – Nasdaq Nordic is looking into an unexplained plunge in equities earlier on Monday, which brokers Nordnet said was a “flash crash” triggered by a brief market panic, a spokesperson said.
Nordic stocks had fallen sharply on Monday before partly recovering.
“We have noted the very big price movement on our markets which took place during Monday morning and we are now in dialogue with the market about the reason for this,” Nasdaq Nordic spokesperson Rebecka Berntsson said in an e-mail.
She added that Nasdaq currently saw nothing to indicate errors in its own systems in relation to the equity market plunge.
“We will get back to the market with more information as soon as possible,” she said.
Very unusual. The markets seem particularly twitchy recently.
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