Nordic Stocks Drop, Led by Statoil, Nokia; Handelsbanken Soars on Earnings

(Bloomberg) -- Nordic stocks fell for a second day,
led by Statoil ASA and Norsk Hydro ASA, the region's largest oil
companies. Atlas Copco AB dropped after HSBC Holdings Plc cut
its recommendation on the shares.

Svenska Handelsbanken AB jumped after the first major
Nordic bank to report second-quarter earnings said profit
unexpectedly rose 16 percent on higher commission and lending
income.


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