{"id":57353,"date":"2025-03-13T19:15:13","date_gmt":"2025-03-13T19:15:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/13\/swiss-market-ends-modestly-lower-after-choppy-session\/"},"modified":"2025-03-13T19:15:13","modified_gmt":"2025-03-13T19:15:13","slug":"swiss-market-ends-modestly-lower-after-choppy-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/13\/swiss-market-ends-modestly-lower-after-choppy-session\/","title":{"rendered":"Swiss Market Ends Modestly Lower After Choppy Session"},"content":{"rendered":"
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The Switzerland market ended modestly lower on Thursday after a choppy session, as the ongoing trade war between the U.S. and other countries including Canada, China and the EU nations weighed on investor sentiment.<\/p>\n

Today, U.S. President Donald Trump threatened to impose a 200% tariff on wines, champagnes and alcoholic products imported into the U.S. from France and other countries in the European Union. <\/p>\n

Trump’s threat follows the imposition of 50% tariff on American whiskey by the European Union, as a counter measure to previous levies announced by the U.S.<\/p>\n

The benchmark SMI closed down 32.24 points or 0.25% at 12,836.19, after scaling a low of 12,790.12 and a high of 12,927.71 intraday.<\/p>\n

ABB ended down 2.41%. Straumann Holding declined nearly 2%. Sandoz Group, Alcon, Swatch Group, Roche Holding and Lindt & Spruengli lost 1.1 to 1.7%.<\/p>\n

Adecco, Sonova, Holcim, Partners Group, Sika and Logitech International ended down 0.4 to 1%.<\/p>\n

Shares of online pharmacy company DocMorris tanked nearly 29%. The stock tumbled as the company swung to a net loss of 97.3 million francs in 2024 from a net income of 82.3 million francs a year before.<\/p>\n

Geberit climbed 1.11%. Swiss Life Holding, Richemont, Novartis, Zurich Insurance Group, Schindler Ps and SGS gained 0.4 to 0.8%.<\/p>\n

Data from the Federal Statistical Office showed Switzerland’s producer and import prices continued to decline in February, though slightly.<\/p>\n

Producer and import prices dropped 0.1% year-on-year in February, following a 0.3% decrease in January. Further, this was the slowest rate of decline since the current sequence of fall began in May 2023.<\/p>\n

The producer price index showed an increase of 0.2%, while import prices dropped by 0.8%.<\/p>\n

On a monthly basis, producer and import prices rose 0.3% in February after rising 0.1% in the prior month. The expected increase was 0.2%. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n