{"id":21881,"date":"2022-05-18T16:57:39","date_gmt":"2022-05-18T16:57:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/18\/swiss-market-pares-early-gains-ends-on-weak-note\/"},"modified":"2022-05-18T16:57:39","modified_gmt":"2022-05-18T16:57:39","slug":"swiss-market-pares-early-gains-ends-on-weak-note","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/18\/swiss-market-pares-early-gains-ends-on-weak-note\/","title":{"rendered":"Swiss Market Pares Early Gains, 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 notably lower on Wednesday, in line with the major <span class=\"landLinks\">markets<\/span> across Europe, as soaring inflation and fears over a series of aggressive rate hikes by the Federal Reserve weighed on sentiment.<\/p>\n<p>The benchmark SMI, which stayed in positive territory till a little past noon, ended with a loss of 151.30 points or 1.29% at 11,579.14, the day&#8217;s low. The index touched a high of 11,783.13.<\/p>\n<p>All the constituents of the SMI index ended in negative territory.<\/p>\n<p>Lonza Group shed about 3.3%. Nestle and Givaudan both lost about 2.65% and Richemont ended 2.4% down.<\/p>\n<p>SGS and Partners Group both shed a little over 2%. Geberit, Holcim, Swisscom and Swiss Re lost 1 to 1.3%.<\/p>\n<p>In the Mid Price Index, Zur Rose tumbled 8.8%, Tecan Group and Sonova ended lower by 6.2% and 6.1%, respectively. Bachem Holding, Straumann Holding, Temenos Group, Barry Callebaut and Swatch Group drifted down 3 to 4.5%.<\/p>\n<p>Clariant, Ems Chemie Holding, Lindt &amp; Spruengli, VAT Group, AMS, Georg Fischer, Schindler Holding and SIG Combibloc also ended notably lower.<\/p>\n<p>Flughafen Zurich gained nearly 1.5%. Baloise Holding, Helvetia and BB Biotech gained 0.5 to 0.85%. <\/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 Pares Early Gains, Ends On Weak Note<\/a><br \/>\n<br \/>2022-05-18 16:57:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended notably lower on Wednesday, in line with the major markets across Europe, as soaring inflation and fears over a series of aggressive rate hikes by&#8230;<\/p>\n","protected":false},"author":2,"featured_media":21882,"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-21881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21881","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=21881"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/21882"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=21881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=21881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=21881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}