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Nordic stocks dropped Tuesday, with the OMX Nordic 40 Index declining 1.1%.

Modern Times Group MTG AB Cl A posted the largest decline among large stocks during the session, dropping 9.2%, followed by Novo Nordisk A/S shares, which dropped 7.4%. Shares of Zealand Pharma A/S fell 6.6%.

Sagax AB Series A was the biggest leader, adding 9.5%, and MilDef Group AB increased 9.4%. Scatec ASA rounded out the top three leaders on Tuesday, with shares gaining 5.5%.

In Denmark, the OMX Copenhagen 20 Index dropped 4.3%, while the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, rose 1.0%.

Stocks on Sweden's OMX Stockholm 30 Index gained 0.4%, while Norway's Oslo Exchange Benchmark Index_GI fell 0.7%. Shares in Iceland decreased, with the OMX Iceland All-Share PI Equity Index falling 1.0%.

Elsewhere in Europe, indexes rose, with the STOXX Europe 600 Index rising 0.3% and the FTSE 100 Index gaining 0.6% from the previous close.

In commodities news, Brent crude oil futures were up 2.2%, and gold futures were up 0.4%. Bitcoin rose 3.9% to $90,900.

On the currency front, the WSJ Dollar Index gained 0.2% to 95.60.

Against the euro, the Swedish krona was up 0.7%, the Norwegian krone was up 0.7%, the U.S. dollar was up 0.4%, the Icelandic krona was up 0.1%, and the Danish krone was flat.

Against the U.S. dollar, the Swedish krona was up 0.3%, the Norwegian krone was up 0.3%, the Icelandic krona was down 0.3%, the Danish krone was down 0.4%, and the euro was down 0.4%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 22, 2025 12:06 ET (16:06 GMT)

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