FX.co ★ Swiss Market Ends Sharply Lower On Weak Global Cues

The Swiss market experienced a significant decline on Tuesday, as stocks faced relentless selling pressure throughout the session due to weak global signals and apprehensions regarding the potential implications of Donald Trump's protectionist policies.

The Swiss Market Index (SMI) finished 190.70 points, or 1.6%, lower at 11,712.09, which is marginally above the day's low of 11,697.50.

Alcon saw its shares dip by 5.65%, while SIG Group fell 4.41%. Additionally, Adecco, Richemont, and Swatch Group each registered losses ranging from 3% to 3.3%.

Holcim, Straumann Holding, Sika, ABB, Julius Baer, and Sandoz Group experienced downturns between 2% and 3%. Both Sonova and Swiss Life Holding closed with a nearly 2% decline.

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

Nestle, Lindt & Spruengli, Kuehne + Nagel, Roche Holding, and VAT Group ended the day lower by 1% to 1.3%.

In contrast, Lonza Group defied the prevailing trend, seeing an increase of just over 1%. The company announced plans to enhance its bioconjugation capabilities at its Visp facility, which will involve adding two multipurpose manufacturing suites.

Temenos Group shares surged over 4% following the announcement of new mid-term targets through 2028 as part of a refreshed strategy. The company aims to achieve annual recurring organic revenue exceeding $1.3 billion.