When the trading day ended, the broad OMXS index had fallen 3.3 percent.
The large-cap OMXS30 index was almost entirely in the red. Mining group Boliden fell 8.6 percent, while engineering company Atlas Copco dropped 5.9 percent.
Going against the trend, heat-pump manufacturer Nibe rose 0.3 percent.
Thursday's gloomy figures mean that the Stockholm Stock Exchange has now lost 3.2 percent since the turn of the year.
It was more or less blood red on the stock exchanges in Europe, where London, Paris and Frankfurt all ended with significant losses.
The initial trading in New York was not quite as dramatic, but even there all major indexes were pointing downwards.
The price of a barrel of North Sea oil (Brent) fluctuated a bit and at 5:30 p.m. it was just over $110. The price of gas jumped more than 20 percent.
One dollar cost 9.34 kronor and the euro 10.78 kronor.
Corrected: In a previous version, the incorrect closing price for Nibe was stated.
