Swiss Market Ends Weak Again; Credit Suisse, UBS Slide Again
(RTTNews) - The Switzerland stock market ended on a weak note on Friday, led by losses in banking sector, amid persisting worries about the strength of the banking industry.
The benchmark SMI ended with a loss of 84.50 points or 0.79% at 10,634.04, after scaling a low of 10,561.63 and a high of 10,669.04 intraday.
Credit Suisse lost about 5.2% and UBS Group ended lower by 3.55%. According to a Bloomberg report, Credit Suisse Group and UBS Group are among the banks under scrutiny in a U.S. Justice Department probe for potentially helping Russian oligarchs evade sanctions.
ABB, Sonova, Logitech, Holcim, Sika, Geberit and Alcon lost 2.3 to 3.2%. Lonza Group and Richemont lost 1.93% and 1.83%, respectively.
Novartis and Zurich Insurance Group posted modest gains, while Roche Holding settled flat.
In the Mid Price Index, AMS tumbled more than 8%. Schindler Holding, Zur Rose and Schindler Ps lost 5.75 to 6%.
Temenos Group, Georg Fischer, Belimo Holding and Flughafen Zurich ended lower by 3.6 to 4.7%.
Dufry, Adecco, Straumann Holding and Bachem Holding also ended sharply lower.
Sensex, Nifty Modestly Higher In Early Trade
Australian Market Extends Early Losses In Mid-market
Asian Markets Track Wall Street Higher
Sensex, Nifty Set For Positive Open As Retail Inflation Hits 8-year Low
Rebound Anticipated For Thai Stock Market
Japanese Market Sharply Higher
Indonesia Bourse May Test Resistance At 7,800 Points
