The Swiss market concluded Tuesday's trading session significantly lower, remaining in negative territory throughout the day. Investors were cautious ahead of the Swiss National Bank's anticipated policy announcement later this week. Additionally, market participants were keenly watching for U.S. consumer price inflation figures and the European Central Bank's forthcoming interest rate decision.
The SMI, Switzerland's primary stock index, ended the day with a decline of 119.33 points, or 1.01%, settling at 11,642.39, marking the day's lowest point.
Among the notable declines, UBS Group and Sika fell by 2.19% and 2.08%, respectively. Other prominent stocks such as Partners Group, Nestle, Swiss Re, Swatch Group, Roche Holding, ABB, and Geberit recorded losses ranging from 1.1% to 1.6%.
Zurich Insurance Group, Swiss Life Holding, Swisscom, Logitech International, Novartis, Richemont, Lindt & Sprüngli, Adecco, SIG Group, and Straumann Holding also closed in negative territory.
Conversely, Givaudan rose approximately 1.8%, while Lonza Group and SGS saw gains of 0.85% and 0.79%, respectively.
