The Stockholm Stock Exchange closed in negative territory on Tuesday, weighed down by sharp declines in high-profile technology and security names.

The downturn reflected a broader wave of global risk aversion that saw investors rotate away from growth-sensitive sectors.

Sivers Industries shares continued their sharp decline, falling double digits in line with a severe sell-off across the global semiconductor sector.

The Swedish chip designer was caught in the crossfire of a broader market rout that has persisted since Friday.

Home security firm Mips also posted a double-digit drop, adding to the pressure on the tech-heavy segment of the index.

In contrast, defence giant Saab bucked the negative trend, continuing its upward trajectory.