After the tremendous drop this morning, the Danish stock market is recovering and is expected to close the day with a loss that is not as bad as many feared earlier. At the time of writing, the C25 — the index that includes the country’s most valuable companies — is down about 4% since Friday. It has remained relatively stable around that level since 10 AM, with only minor fluctuations of about a percentage point.
Many European and global markets have performed even worse.
This drop was triggered by a combination of events from last week: Trump imposing tariffs and then confirming them, China’s response, and growing concerns about a global market crisis.
As often happens when major global events take place on a Friday night or over the weekend — when the stock markets are closed — the reopening on Monday morning can result in sharp declines like this one.
This morning, at market open, the Danish main index dropped by 7.33%, marking the worst performance since the COVID outbreak. Since then, however, the day has taken a more positive turn.
DSV has been hit hard today, down 7.5%.
Novo Nordisk, Denmark’s most valuable company, also started poorly with a 7% drop, but has steadily improved throughout the day and is now trading at nearly the same level as on Friday.