Swiss Market Ends On Strong Note

RTTNews | hace 581

(RTTNews) - The Switzerland stock market ended higher on Monday, in line with the positive trend across the European region, as investors shrugged off concerns about economic slowdown, and focused on upcoming central bank policy meetings.

The benchmark SMI ended with a strong gain of 124.83 points or 1.12% at 11,275.35, after scaling a low of 11,198.26 and a high of 11,289.44 intraday.

ABB rallied about 3.8% after the company said it has secured a large order for its complete traction chain for the upgrade of 19 locomotives operated by Romania's state-owned railway passenger transport company CFR Calatori in partnership with local contractor Reloc.

Lonza Group climbed 3.15%. Sonova and Kuehne & Nagel both gained 2.3%. Swiss Life Holding surged 2.1%.

Geberit, Zurich Insurance Group, Alcon, Swiss Re, Roche Holding, UBS Group and Partners Group ended higher by 1.4 to 1.8%, while Richemont, Swisscom and Holcim gained 0.9 to 1.1%.

ams OSRAM AG, up 7.35%, was the top gainer in the Swiss Mid Price Index. Meyer Burger Tech ended stronger by 4.6%.

Sandoz gained more than 4% after the company announced a deal to acquire the U.S. biosimilar ranibizumab CIMERLI from Coherus BioSciences, Inc. for an upfront cash purchase payment of $170 million.

Temenos Group advanced 3.5%, while Georg Fischer, Straumann Holding, Galenica Sante, Helvetia, VAT Group, Baloise Holding, Schindler Holding, Lindt & Spruengli, Tecan Group and Schindler Ps gained 1.3 to 2.6%.

Belimo Holding tumbled 7.75%. Avolta, SIC Combibloc, BKW and Barry Callebaut ended modestly lower.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | hace 41 minutos

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | hace 1h 55min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | hace 2h 16min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | hace 2h 46min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 3h 27min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | hace 3h 54min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 3h 57min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 4h 12min

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