After languishing in negative territory till noon on Monday, Switzerland’s equity index SMI moved above the flat line and stayed positive thereafter to end the day’s session on a firm note despite paring a significant portion of its gains.
The early weakness was due to an escalation in tensions in the Middle East after following Trump issuing a 48-hour ultimatum to Iran to reopen the Strait of Hormuz, warning of strikes on power plants. Tehran retaliated by saying that it would attack Israel’s power plants and plants supplying U.S. bases in the Gulf if Trump carries out his threat to “obliterate” Iran’s power network.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Swiss Market Ends On Firm Note
2026-03-23 19:00:30
