The Stockholm Stock Exchange closed in negative territory on Tuesday, weighed down by sharp declines in high-profile tech and security names.
The downturn reflected a broader wave of global risk aversion that saw investors sell off equities across multiple asset classes.
Indian equity markets also closed sharply lower, with the benchmark Sensex shedding 893 points and the Nifty 50 ending the session more than 1% in the red.
Defence contractor Saab bucked the negative trend, continuing its upward trajectory despite the wider market weakness.
In contrast, market favourite Sivers and home security firm Mips both suffered double-digit percentage losses, acting as significant drags on the index.
The selling pressure in Sweden coincided with losses elsewhere in global markets.
Indian equity markets also closed sharply lower, with the benchmark Sensex shedding 893 points and the Nifty 50 ending the session more than 1% in the red.