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Markets Score 45 Slightly negative

Swiss Market Closes Slightly Lower Amid Global Economic Concerns

Apr 02, 2026 18:17 UTC
SPX, VIX, XLF
Immediate term

The Swiss stock market ended the day with a marginal decline as investors grappled with worries over a potential economic slowdown and anticipated interest rate hikes by central banks. The SMI index closed at 11,529.16, down 0.18%.

  • The Swiss Market Index (SMI) closed at 11,529.16, down 0.18%.
  • Lonza Group and Alcon fell by 1.5% and 1.1%, respectively.
  • Richemont rose nearly 1%, while Swisscom and Swiss Life Holding gained 0.65% and 0.4%.
  • AMS in the Mid Price Index dropped 4.6%.
  • Lindt & Spruengli and BB Biotech increased by 1.5% and 1.25%.
  • Barry Callebaut and other stocks declined by 0.5% to 1%.

The Swiss stock market closed slightly lower on Friday after initially showing strength early in the session. The benchmark Swiss Market Index (SMI) opened positively but eventually turned negative, closing at 11,529.16, a drop of 21.04 points or 0.18%. The decline was attributed to growing concerns about a potential economic slowdown and the expectation of interest rate hikes by global central banks. Several major companies saw their shares fall, including Lonza Group and Alcon, which dropped 1.5% and 1.1%, respectively. Other notable declines included Logitech, SGS, Geberit, and Roche Holding, which fell between 0.8% and 1%. In contrast, Richemont saw a nearly 1% increase in its stock price, while Swisscom and Swiss Life Holding gained 0.65% and 0.4%, respectively. The Mid Price Index also experienced mixed results, with AMS declining by 4.6%. VAT Group, Dufry, and Bachem Holding lost 1.7%, 1.5%, and 1.1%, respectively. However, Lindt & Spruengli and BB Biotech saw gains of about 1.5% and 1.25%. Barry Callebaut, Lindt & Spruengli N, Adecco, Tecan Group, and Galenica Sante all experienced declines ranging from 0.5% to 1%. The market's performance reflects broader investor sentiment influenced by macroeconomic factors and central bank policies.

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