Monday, October 18, 2021

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    Swiss market falls sharply

    The Swiss stock market plunged on Tuesday, tracking the weaknesses of the world. market In fear of rising bond yields and slowing economic growth, after data showed that China’s industrial earnings growth slowed in August.

    Sold out technology Wall Street stocks have squeezed the technology sector in the Swiss market.

    Benchmark SMI ended with a loss of 11,485.58, 205.60 points (1.76%), down about 20 points from the daily low of 11,465.59.

    Logitech fell 7.25%. Partners Group decreased by about 7% and Lonza Group decreased by about 4%.

    SGS, Sika, Richemont, ABB, Swiss Life Holding and Alcon lost 2-3%. Geberit, Swiss Re, Roche Holding, Nestle, Zurich Insurance Group, Credit Suisse and Holcim closed at 1.85%, down 1%.

    Among the shares in the Swiss Mid-Price Index, the VAT Group fell by more than 8%. Tecan Group decreased by about 5%.

    Straumann Holding, AMS, Lindt & Spruengli, Georg Fischer, BB Biotech, Swatch Group, Barry Callebaut, Flughafen Zurich, Kuehne & Nagel and Temenos Group lost 3 to 4.2%. Dufry, the only winner in the index, rose nearly 0.4%.

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    Swiss market falls sharply

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    The post Swiss market falls sharply appeared first on Eminetra.

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