{"id":57235,"date":"2025-03-11T18:01:05","date_gmt":"2025-03-11T18:01:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/11\/swiss-market-tumbles-nearly-2-5-on-widespread-selling\/"},"modified":"2025-03-11T18:01:05","modified_gmt":"2025-03-11T18:01:05","slug":"swiss-market-tumbles-nearly-2-5-on-widespread-selling","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/11\/swiss-market-tumbles-nearly-2-5-on-widespread-selling\/","title":{"rendered":"Swiss Market Tumbles Nearly 2.5% On Widespread Selling"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended sharply lower on Tuesday, in line with <span class=\"landLinks\">markets<\/span> across the region, as rising worries about global growth and fears of a U.S. recession, due to the ongoing U.S.-Canada trade war, hurt sentiment.<\/p>\n<p>US President Donald Trump said he will double his planned tariffs on steel and aluminum imports from Canada to 50% from 25% as retaliation for the Canadian province of Ontario&#8217;s 25% tax increase on electricity exports to the US. <\/p>\n<p>The benchmark SMI ended down 321.20 points or 2.47% at 12,692.25.<\/p>\n<p>Novartis tumbled 5.6%. Roche Holding and Kuehne + Nagel both closed lower by about 3.5%<\/p>\n<p>Straumann Holding, Schindler Ps, Alcon, UBS Group, SIG Group, Lindt &amp; Spruengli, Nestle and SGS lost 2 to 3.1%.<\/p>\n<p>Partners Group closed lower by about 1.75%. The company&#8217;s revenue climbed to 2.14 billion francs in 2024, from 1.95 billion francs a year before, thanks to a near 40% jump in performance fees to 511 million francs on the back of &#8220;several significant exits&#8221; across the group&#8217;s direct private equity and infrastructure portfolios. <\/p>\n<p>Sika, Logitech International, Givaudan, Adecco and Lonza Group declined nearly 2%. VAT Group, Holcim, Partners Group, Geberit, Swiss Life Holding, Swiss Re, Zurich Insurance Group and Sandoz Group ended down 1.5 to 1.75%.<\/p>\n<p>ABB bucked the trend and ended stronger by 1.35%. Swisscom edged up marginally. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Tumbles Nearly 2.5% On Widespread Selling<\/a><br \/>\n<br \/>2025-03-11 18:01:05<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended sharply lower on Tuesday, in line with markets across the region, as rising worries about global growth and fears of a U.S. recession, due to the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57236,"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-57235","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57235","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=57235"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57236"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}