Swiss Market Ends Moderately Lower
2025-03-23
1505
(fxcue news) - The Switzerland market closed moderately lower on Wednesday after languishing in negative territory right through the day's session, amid concerns about the impact of Trump's reciprocal tariffs.
Data showing a drop in Swiss investors' sentiment weighed as well.
The benchmark SMI ended down 59.35 points or 0.46% at 12,953.80. The index, which touched 13,015.99 at the start, dropped to a low of 12,917.54 in the session.
Sandoz Group closed down 3.62%. Straumann Holding drifted lower by 2.55%. Lonza Group, ABB, SIG Group, Alcon, SGS, Sonova, Partners Group, Julius Baer and Logitech International lost 1 to 1.9%.
Roche Holding ended down 0.88%. Sika, Novartis and Givaudan also closed weak.
Adecco climbed 1.64% and Lindt & Spruengli closed higher by 1.28%. Swisscom, Swiss Life Holding, Swatch Group and Zurich Insurance ended higher by 0.5 to 0.8%.
A report from UBS & CFA Society said the Swiss investors' sentiment index fell by 14.1 points from the previous month to -10.7 in March 2025, slipping into negative territory for the first time in three months. According to UBS, which collaborates with the CFA Society Switzerland to release the indicator, the decline reflected a cautious outlook for the Swiss economy over the next six months.
Meanwhile, the current conditions index increased to 14.2, after a flat reading in the previous month.
Sign In via X
Google
Sign In via Google
This page link：http://www.fxcue.com/364885.html
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights