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Swiss Market Ends On Weak Note For 5th Straight Session

RTTNews | 1007 일 전

Swiss Market Ends On Weak Note For 5th Straight Session

(RTTNews) - After opening marginally up, the Switzerland market slipped into the red Tuesday morning, and kept sliding lower and lower as the session progressed to eventually close on a very weak note.

Worries about inflation and fears that possible steep interest rate hikes could push the economy into recession weighed on stocks.

The benchmark SMI ended with a loss of 197.18 points or 1.81% at 10,699.07, extending losses to a fifth straight session.

Partners Group, Sika and Givaudan lost 4.8 to 5.1%. Geberit and Lonza Group ended lower by 3.7% and 3.5%, respectively.

Novartis, Richemont, Nestle, SGS, Credit Suisse, Roche Holding and ABB lost 1 to 2.5%.

Zurich Insurance Group, Swiss Life Holding and Swiss Re posted modest gains.

Among the stocks in the Swiss Mid Price Index, Ems Chemie Holding, Tecan Group, Georg Fischer, Bachem Holding and Zur Rose lost 2.9 to 4.1%.

Flughafen Zurich, SIG Combibloc, AMS, Lindt & Spruengli, Schindler Holding, Schindler Ps, Temenos Group and Barry Callebaut declined 1 to 2.5%.

Cembra Money Bank climbed 2.3% and Julius Baer surged up 2.15%. Kuehne & Nagel and Dufry both gained about 1.3%. Helvetia and Baloise Holding closed modestly higher.

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Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market has moved higher in two straight sessions, collecting almost 70 points or 2 percent along the way. The Shanghai Composite Index now sits just above the 3,425-point plateau and it may move higher again on Tuesday.

RTTNews | 4 시간 5 분 전

Australian Market Significantly Higher

Australian Market Significantly Higher

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RTTNews | 4 시간 11 분 전

Taiwan Stock Market Expected To Open To The Upside

Taiwan Stock Market Expected To Open To The Upside

The Taiwan stock market has finished higher in two straight sessions, gathering almost 160 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 22,120-point plateau and it's expected to open in the green again on Tuesday.

RTTNews | 4 시간 35 분 전

Singapore Stocks Tipped To Open In The Green

Singapore Stocks Tipped To Open In The Green

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RTTNews | 5 시간 5 분 전

Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

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RTTNews | 5 시간 35 분 전

South Korea Bourse May Extend Monday's Gains

South Korea Bourse May Extend Monday's Gains

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RTTNews | 6 시간 5 분 전

South Korea Trade Data Due On Tuesday

South Korea Trade Data Due On Tuesday

South Korea will on Tuesday release February figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 7 시간 5 분 전

Dollar Drifts Lower Against Major Counterparts

Dollar Drifts Lower Against Major Counterparts

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RTTNews | 7 시간 56 분 전

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