Swiss Market Closes with a Sharp Fall on Weak Global Signals

BRUSSELS (dpa-AFX) – The Swiss market closed sharply lower on Tuesday as stocks remained under selling pressure throughout the day due to weak global signals amid concerns about the possible impact of Donald Trump’s protectionist policies.

The benchmark SMI closed at 11,712.09, down 190.70 points or 1.6%, slightly below the day’s low of 11,697.50.

Alcon closed with a loss of 5.65%. SIG Group closed down 4.41%, while Adecco, Richemont and Swatch Group lost 3 to 3.3%.

Holcim, Straumann Holding, Sika, ABB, Julius Baer and Sandoz Group lost 2 to 3%. Sonova and Swiss Life Holding closed down nearly 2%.

Logitech International, Partners Group, Schindler Ps, Givaudan, Swiss Re, Zurich Insurance Group, SGS, Swisscom and UBS Group fell 1.5 to 2%.

Nestle, Lindt & Spruengli, Kuehne + Nagel, Roche Holding and VAT Group fell between 1 and 1.3%.

Lonza Group bucked the trend and closed up just over 1%. The company said it will expand bioconjugation capabilities at the Visp facility by adding two multi-purpose production suites.

Temenos Group shares rose more than 4% after the company set new medium-term targets for 2028 as part of its new strategy. The company expects to achieve annual recurring organic revenue of over $1.3 billion.

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