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The Switzerland market ended sharply lower on Monday, in line with markets<\/span> across Europe, as concerns about new tariffs and their impact on global economic growth rendered the mood extremely bearish.<\/p>\n US President Donald Trump said in an interview on Sunday that he will likely impose duties on “essentially all” of the U.S.’s trading partners. The benchmark SMI ended with a loss of 242.31 points or 1.89% at 12,598.12, slightly off the day’s low of 12,585.99.<\/p>\n Logitech International tumbled 4.42%. SIG Group, UBS Group, ABB, Partners Group, Richemont, VAT Group, Lonza Group, Adecco and Swatch Group lost 3 to 4%.<\/p>\n Straumann Holding ended nearly 3% down. Sonova, Julius Baer, Sika, Sandoz Group, Roche Holding and Holcim closed lower by 2 to 2.5%.<\/p>\n Schindler, the lone gainer among the SMI constitutents, ended 0.36% up. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n
The President said that new tariffs to be announced on Wednesday, which he dubbed as “liberation day,” will hit “all countries.”<\/p>\n