Swiss Market Ends Sharply Lower

RTTNews | 682天前
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%.

read more
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 1小时7分钟前
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 2小时46分钟前
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 3小时2分钟前
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 3小时33分钟前
Thai Bourse May Reclaim 1,200-Point Plateau

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 4小时14分钟前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.
RTTNews | 4小时39分钟前