The Switzerland market ended on a weak note on Thursday, in line with markets across Europe, as worries about U.S.-Iran conflict, high oil prices and concerns over tech valuations amid rising spending on AI infrastructure.
The benchmark SMI settled with a loss of 100.93 points or 0.71% at 14,214.95 after moving between 14,058.47 and 14,245.61.
Nestle plunged 8% as net profit attributable to shareholders declined 31.4% to 3.472 billion Swiss francs from last year’s 5.065 billion francs. Earnings per share fell to 1.35 francs from 1.97 francs a year ago.
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Market Analysis
Swiss Market Ends Notably Lower
2026-07-23 17:56:25
