Swiss Market Ends Marginally Down After Choppy Session

RTTNews | 113 days ago
Swiss Market Ends Marginally Down After Choppy Session

(RTTNews) - Despite staying positive for much of the day's trading session, the Switzerland market closed slightly weak on Monday with a few stocks turning weak past mid afternoon, as investors turned cautious amid a lack of prominent triggers.

Renewed concerns about tariffs and caution ahead of policy announcements from the Federal Reserve and the Bank of England contributed to the subdued mood in the market.

The benchmark SMI closed down 20.76 points or 0.17% at 12,233.03, the day's low. The index touched a high of 12,318.91 in the session.

Adecco ended down by 2.59%. VAT Group and Swatch Group both closed lower by about 1.9%. Novartis ended 1.36% down.

Richemont, Straumann Holding, SIG Group, Alcon and Sika lost 0.5 to 0.8%.

Swiss Re climbed nearly 1.5%. Swiss Life Holding, Zurich Insurance, Geberit and UBS Group closed higher by 0.6 to 1.1%, while, ABB, Julius Baer, Kuehnd + Nagel and Sandoz Group posted modest gains.

On the economic front, Switzerland's consumer prices showed a flat change in April, data from the Federal Statistical Office showed. The consumer price index showed no variations compared to last year, following a stable increase of 0.3% in March.

Further, this was the lowest level since March 2021, when prices were down by 0.2%.

Excluding food and energy, core inflation moderated to 0.6% from 0.9% a month ago.

Month-on-month, consumer prices stalled for the second straight month in April.

read more
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | 10 minutes ago
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 40 minutes ago
Singapore Stock Market Expected To Open In The Green

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
RTTNews | 1h 10min ago
Malaysia Stock Market Expected To Open To The Upside On Wednesday

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.
RTTNews | 1h 40min ago
Japan Stock Market May See Renewed Support

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.
RTTNews | 1h 55min ago
Rebound Tipped For South Korea Stock Market

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 2h 10min ago