Swiss Market Ends Notably Lower
(RTTNews) - Save for a few minutes at the start, the Switzerland market remained in negative territory on Tuesday as investors reacted to a slew of earnings updates, and looked ahead to some key economic data from the U.S.
The benchmark SMI ended down 137.40 points or 1.12% at 12,100.57, slightly off the day's low of 12,098.69.
Straumann Holding tumbled 7.4%. SIG Group drifted down 4.4% and Novartis lost about 4.1% despite reporting higher earnings. Novartis reported a net income of $3.19 billion for the third-quarter, up from $1.51 billion in the year-ago quarter.
Lindt & Spruengli closed down 3.12% and Sonova lost nearly 2.5%.
Sandoz Group declined 2.05%, while Adecco, Nestle and Sika lost 1.6 to 1.7%. Lonza Group, Partners Group, ABB, Geberit, Zurich Insurance and Julius Baer also closed weak.
Baloise Holdings lost nearly 4%. The company announced that it has agreed to sell its digital insurer Friday's portfolios in Germany and France to Allianz for an undisclosed amount.
UBS Group climbed nearly 1.5%. Schindler Ps and Logitech International both gained about 1.35%. VAT Group closed up 0.73%.
Asian Markets Trade Mostly Higher
Sensex, Nifty Seen Higher At Open
Japanese Market Notably Higher
Australian Market Modestly Lower
U.S. Dollar Advances After Fed Decision
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
Swiss Market Ends Marginally Down
