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The Swiss market has fallen significantly.Credit Suisse falls again

The Swiss stock market, which spent only a few minutes in the positive territory on Wednesday, ended the session significantly lower as sales gained momentum in the last hour.

Benchmark SMI fell 74.05 points (0.67%) to a daily low of 11,047.37.

Credit Suisse extended losses for the third straight day, down almost 5%, worried about lender losses associated with the bankruptcy of Arquegos Capital.

The Swatch Group has reduced by about 2.2%. Richemont, Swiss Re, Zurich Insurance Group, SGS, Novartis and Swiss Life Holding and Partners Group lost 1-2%.

Roche increased by about 0.6% after announcing the launch of the Elecsys EBV panel in countries that have approved the CE mark and announcing that it plans to apply for approval from the FDA in the future.

Givaudan and deer also ended at slightly higher prices.

In the mid-cap section, Galenica Sante decreased by 2.4%. Helvetia, Baloise Holding, Lindt & Spruengli, Adecco, Julius Baer and Clariant fell 1.4-1.75%.

Tecan Group has risen by more than 4%. SIG Combibloc, Logitech, Straumann Holding, Dufry, BB Biotech increased by 2-2.8% and AMS increased by 1.7%.

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The Swiss market has fallen significantly.Credit Suisse falls again

Source link The Swiss market has fallen significantly.Credit Suisse falls again

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