Stockholm, Oslo - Markets in the Nordic region tumbled Friday, shadowing developments in main markets in Europe and Asia.

The Stockholm bourse general index OMXS was down 9 per cent early Friday afternoon on reports of flagging demand for trucks from Swedish heavy-vehicle makers Volvo and Scania.

Volvo shares were down some 20 per cent after its third-quarter report was published, while Scania was off 10 per cent.

Poor reports from investment banking group Carnegie and construction company JM also contributed to the negative trends.

JM said it planned to trim some 600 jobs from its 2,400-strong workforce.

In Copenhagen, the OMX Copenhagen 20 was down over 6 per cent, with wind power group Vestas off some 15 per cent, while in Helsinki the OMXH25 was down 7 per cent.

In Oslo, the index was off over 10 per cent, with energy group Statoil Hydro and banking group DnB NOR among the losers. dpa