Swiss Market Ends Sharply Lower
(RTTNews) - The Switzerland stock market ended sharply lower on Thursday, in line with other markets across Europe, as risk sentiment waned amid concerns about higher interest rates and their impact on economic growth.
The benchmark SMI ended with a loss of 207.14 points or 1.85% at 10,986.78, slightly off the day's low.
All the components of the SMI index ended in negative territory.
Holcim, Partners Group, UBS Group, Richemont, Geberit and Sika lost 3 to 4%.
Logitech ended nearly 2.5% down. Roche Holding declined 2.2%, while Swiss Life Holding, Swiss Re, Kuehne & Nagel, ABB, Zurich Insurance Group, Sonova, Givaudan and Novartis lost 1.4 to 2%.
In the Mid Price Index, DocMorris, which surged nearly 6%, was the lone gainer.
AMS declined 5.6%. Temenos Group lost 3.33% and Julius Baer ended nearly 3% down.
Straumann Holding, Swatch Group, Bachem Holding, Flughafen Zurich, Swiss Prime Site, Schindler Holding, Barry Callebaut and Tecan Group lost 2 to 2.6%.
U.S. Pending Home Sales Fall More Than Expected In July
Eurozone Economic Confidence Weakens In August
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
U.S. Economy Surges More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates
Switzerland Logs Weaker Growth, Trims 2026 Outlook
U.S. GDP Jumps More Than Previously Estimated In Q2
