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Swiss Market Ends On Weak Note For 5th Straight Session

RTTNews | 1007 dias atrás

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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Additional Support Predicted For Hong Kong Shares

Additional Support Predicted For Hong Kong Shares

The Hong Kong stock market has moved higher in back-to-back sessions, improving almost 500 points or 2 percent in that span. The Hang Seng Index now rests just beneath the 24,150-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 4 h 17 min atrás

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 h 32 min atrás

Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,900 level, with gains across most sectors led by energy and financial stocks.

RTTNews | 4 h 38 min atrás

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 | 5 h 2 min atrás

Singapore Stocks Tipped To Open In The Green

Singapore Stocks Tipped To Open In The Green

The Singapore stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had added almost a dozen points or 0.3 percent. The Straits Time Index now sits just beneath the 3,860-point plateau and it may see additional support on Tuesday.

RTTNews | 5 h 32 min atrás

Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

The Japanese stock market has moved higher in back-to-back sessions, collecting more than 600 points or 1.6 percent along the way. The Nikkei 225 now rests just beneath the 37,400-point plateau and it may extend its gains on Tuesday.

RTTNews | 6 h 2 min atrás

South Korea Bourse May Extend Monday's Gains

South Korea Bourse May Extend Monday's Gains

The South Korea stock market on Monday snapped the two-day losing streak in which it had slipped almost 10 points or 0.4 percent. The KOSPI now sits just above the 2,610-point plateau and it may add to its winnings on Tuesday.

RTTNews | 6 h 32 min atrás

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 h 32 min atrás

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