Advertisement
Swiss Market Ends Modestly Lower
(RTTNews) - After a weak start, the Switzerland stock market briefly moved into positive territory Tuesday morning, but retreated and spent the rest of the day's session in the red to eventually close modestly lower.
Disappointing trade data from China raised concerns about growth in the world's second largest economy, prompting investors to refrain from making significant moves. Also, investors were cautious as they looked ahead to key inflation data from U.S. and China.
The benchmark SMI ended with a loss of 50.15 points or 0.45% at 11,057.32.
Richemont shed 2.5%. Geberit, Kuehne & Nagel, Partners Group, Swiss Life Holding, Sika, UBS Group and ABB lost 1.2 to 1.6%.
Logitech, Holcim and Givaudan ended lower by 0.9 to 1%.
Roche Holding advanced 0.6%. Lonza Group, Swisscom and Novartis edged up marginally.
Among the stocks in the Mid Price Index, AMS ended 3.52% down. Swatch Group declined 2.7% and Meyer Burger Tech ended 2.1% down.
Tecan Group, VAT Group, Galenica Sante, Dufry, Julius Baer, Adecco and Helvetia also ended notably lower.
Bachem Holding climbed nearly 5%. SGS and Barry Callebaut posted moderate gains.
European Shares Mixed As Investors Weigh Trump Tariff Impact
Asian Shares Mostly Lower In Cautious Trade; Nikkei Bucks Trend
European Shares Seen Higher At Open
NZ Dollar Rises Against Majors
Sensex, Nifty Edge Lower On Tariff Concerns
Australian Market Trims Early Losses In Mid-market
Asian Markets Mixed Amid Tariff Caution
