{"id":16578,"date":"2021-11-30T18:28:07","date_gmt":"2021-11-30T18:28:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/30\/swiss-market-ends-on-weak-note-5\/"},"modified":"2021-11-30T18:28:07","modified_gmt":"2021-11-30T18:28:07","slug":"swiss-market-ends-on-weak-note-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/30\/swiss-market-ends-on-weak-note-5\/","title":{"rendered":"Swiss Market Ends On Weak Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended weak on Tuesday, in line with <span class=\"landLinks\">markets<\/span> across Europe, as worries about the newly identified Omicron variant of the coronavirus and doubts about the efficacy of existing vaccines against it rendered the mood bearish.<\/p>\n<p>The benchmark SMI, which plunged nearly 150 points to 12,071.67 early on in the session, ended with a loss of 61.05 points or 0.5% at 12,159.69.<\/p>\n<p>Logitech declined 3.4%, SGS shed about 2.4% and Holcim ended 2.25% down. Nestle, Richemont and Novartis ended lower by 1.75%, 1.58% and 1.1%, respectively. Sika, Zurich Insurance Group, Swisscom and Givaudan lost 0.5 to 0.8%.<\/p>\n<p>Lonza Group gained about 1.75%. UBS Group advanced 1.2%, while Swiss Life Holding and Partners Group both moved up nearly 1%. Geberit, Roche Holding and Credit Suisse gained 0.5 to 0.8%.<\/p>\n<p>In the Mid Price Index, VAT Group declined more than 6%. Logitech, Dufry, Temenos Group, OC Oerlikon Corp, Schindler Holding and Adecco lost 2 to 3.4%.<\/p>\n<p>Zur Rose, Vifor Pharma, SIG Combibloc, Georg Fischer, AMS, Swiss Prime Site, Schindler Ps and Ems Chemie Holding also declined sharply.<\/p>\n<p>The Swiss Economic Institute said the KOF Economic Barometer in Switzerland fell for the sixth straight month, sliding to 108.5 in November of 2021 from a downwardly revised 110.2 in October.<\/p>\n<p>In virus update, the Swiss government said it is planning to tighten anti-<span class=\"landLinks\">coronavirus<\/span> measures across the nation, saying that while little is yet known about the new Omicron Covid variant it does not wish to lose time against this new threat. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Swiss Market Ends On Weak Note<\/a><br \/>\n<br \/>2021-11-30 18:28:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended weak on Tuesday, in line with markets across Europe, as worries about the newly identified Omicron variant of the coronavirus and doubts about the efficacy&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-16578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=16578"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16579"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}