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The Switzerland stock market ended notably lower on Tuesday, in line with markets<\/span> across Europe, as rising concerns about the health of the Chinese economy<\/span>, and interest rate hikes weighed on sentiment.<\/p>\n The benchmark SMI, which remained in negative territory right through the day’s session, ended with a loss of 124.89 points or 1.12% at 10,985.22. The index dropped to a low of 10,956.38 about an hour past noon.<\/p>\n Among SMI components, only Logitech and Holcim closed higher, gaining 0.4% and 0.13%, respectively.<\/p>\n Richemont ended 2.4% down. Givaudan dropped about 2.1%, while Sika, Partners Group, Swiss Life Holding, Alcon, Nestle, ABB, Lonza Group and Geberit lost 1.25 to 1.7%.<\/p>\n Roche Holding, Zurich Insurance Group, Swiss Re and Novartis lost 0.8 to 1%.<\/p>\n In the Mid Price Index, Meyer Burger Tech fell 5.6%. Ems Chemie Holding declined nearly 4% and Straumann Holding ended 3.3% down.<\/p>\n AMS, Swatch Group, VAT Group, Temenos Group, Adecco, Georg Fischer, IG Combibloc and Schindler Ps lost 1.6 to 2.9%.<\/p>\n Tecan Group soared nearly 8%. Galenica Sante climbed 4.7%, while DocMorris and Bachem Holding gained 0.98% and 0.85%, respectively.<\/p>\n In economic news, data from the Federal Statistical Office showed the producer and import prices in Switzerland dropped 0.1% from a month earlier in July 2023, after stalling in the previous period.<\/p>\n Producer and import prices in Switzerland dropped 0.6% year-on-year in July 2023, the same pace as in the previous month. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n