Helsinki Stock Exchange Outperforms Magnificent 7 as Huhtamäki, UPM Lead Wood and Pulp Surge

The Helsinki Stock Exchange is experiencing renewed interest as it outperforms major American tech stocks, particularly the so-called 'Magnificent 7'. This shift comes amidst a challenging economic backdrop for Finland, which has seen a lackluster performance in previous years. Investors are increasingly turning to traditional sectors such as wood and pulp, with companies like Huhtamäki, known for producing cardboard boxes for McDonald's, and UPM, a leader in plywood, showing strong performances. This trend indicates a potential resurgence in Finland's economy as local investors pivot away from volatile American technology stocks. Additionally, the decline of Nokia has spurred a wave of entrepreneurship in Finland, with many laid-off tech workers starting new ventures, prompting government support for startups rather than focusing on reviving Nokia.