Danish stocks fall after US market closes in red

The Danish C25 index opened Wednesday with a decline of 0.8%, following losses in the broad S&P 500 and Nasdaq indices in the USA the previous day. Notably, chip company Nvidia fell by 9.5%, losing over 1800 billion kroner in market value. Per Hansen, an investment economist at Nordnet, attributed the downturn to various factors including recent U.S. indicators of slowing activity and a possible early ‘September effect,’ historically a period of poor market performance. Nineteen out of twenty-five companies in the C25 were down, with Rockwool showing a drop of more than two percent. Similar stock falls were observed in other parts of Europe, with key indices in London, Paris, and Frankfurt, as well as the broader Stoxx 600 index, showing declines.