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.
Swiss Franc Rises Against Majors
Commodity Currency's Slide Amid Risk-off Mood
European Shares Set To Extend Losses Amid Risk Aversion
Canadian Dollar Drops Against Most Majors
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
Indian Shares Open Lower As Investors Await Nvidia Earnings And US Jobs Data
