Europe’s Number One Stock Market Is Close to Erasing 2020 Drop

By Namitha Jagadeesh

One European stock market has clawed back most of its losses in 2020, thanks to a heavy weighting of health-care stocks. And it’s not Switzerland.

Denmark’s OMX Copenhagen 25 Index on Thursday came within 2% of turning positive for the year. The reason? Roughly half the benchmark’s weighting comes from pharma shares, which have proven more resilient than most in a global economy ravaged by the impact of the coronavirus. Green stocks have also boosted the gauge.

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