Swiss Market Ends Notably Lower On Growth Worries
(RTTNews) - The Switzerland stock market ended notably lower on Tuesday after languishing in the red right through the day's session.
Worries about monetary tightening and rising fears about a recession in Europe rendered the mood bearish.
The benchmark SMI ended with a loss of 152.78 points or 1.38% at 10,933.06, slightly off the day's low of 10,921.85.
Roche Holding drifted down by about 2.25% after it launched a digital PCR system that helps clinical researchers better understand the nature of a patient's cancer, genetic disease or infection.
Givaudan, Lonza Group, Novartis, Nestle, Geberit and Sika ended lower by 1.52 to 2.25%. Holcim ended 1.18% down.
Credit Suisse climbed nearly 2.5%. Richemont surged 0.82%.
In the Mid Price Index, Zur Rose pluned 6.7%. Bachem Holding declined 4.35% and SIG Combibloc declined 3.4%. Tecan Group, Kuehne & Nagel and BB Biotech lost 2 to 2.34%.
Galenica Sante, Schindler Holding, Lindt & Spruengli, Sonova and Swiss Prime Site also ended notably lower.
Flughafen Zurich surged 3.3% and Clarian rallied 2.3%. Swatch Group and Dufry posted modest gains.
European Stocks Close On Mixed Note
Euro Falls Amid Political Uncertainty
Bay Street Likely To Open On Positive Note
European Stocks Turning In Mixed Performance
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
CAC 40 Advances After Recent Losses
DAX Remains Weak Despite Paring Some Early Losses
