The Stockholm Stock Exchange opened in negative territory on Tuesday, extending the selling pressure that has gripped European markets over the past week.

The decline marks a continuation of the broad-based correction that has affected global equity benchmarks, with investors remaining cautious amid persistent macroeconomic headwinds.

Despite the broader market weakness, Kambi emerged as a standout performer, surging double digits at the open.

The betting technology company's sharp rise was driven by a strong earnings report that beat market expectations, providing a rare bright spot in an otherwise red session.

The negative sentiment on the Swedish exchange mirrors trends seen across leading European benchmarks.

The Stockholm market had already opened lower on Friday, reflecting the broader risk-off mood.