{"id":8463,"date":"2021-03-31T18:23:37","date_gmt":"2021-03-31T18:23:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/31\/swiss-market-ends-notably-lower-credit-suisse-tumbles-again\/"},"modified":"2021-03-31T18:23:37","modified_gmt":"2021-03-31T18:23:37","slug":"swiss-market-ends-notably-lower-credit-suisse-tumbles-again","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/31\/swiss-market-ends-notably-lower-credit-suisse-tumbles-again\/","title":{"rendered":"Swiss Market Ends Notably Lower; Credit Suisse Tumbles Again"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market, which spent just a few minutes in positive territory on Wednesday, ended the session notably lower, as selling gathered momentum in the final hour.<\/p>\n<p>The benchmark SMI ended down 74.05 points or 0.67% at 11,047.37, the day&#8217;s low. <\/p>\n<p>Credit Suisse ended nearly 5% down, extending losses to a third straight day, on worries about the lender&#8217;s losses linked to the downfall of Archegos Capital.<\/p>\n<p>Swatch Group shed about 2.2%. Richemont, Swiss Re, Zurich Insurance Group, SGS, Novartis, Swiss Life Holding and Partners Group lost 1 to 2%.<\/p>\n<p>Roche gained about 0.6% after the company announced the launch of Elecsys EBV panel in countries accepting the CE Mark and said it plans to file for approval with the FDA in the future.<\/p>\n<p>Givaudan and Sika also ended modestly higher. <\/p>\n<p>In the midcap section, Galenica Sante declined 2.4%. Helvetia, Baloise Holding, Lindt &amp; Spruengli, Adecco, Julius Baer and Clariant ended lower by 1.4 to 1.75%.<\/p>\n<p>Tecan Group moved up more than 4%. SIG Combibloc, Logitech, Straumann Holding, Dufry and BB Biotech gained 2 to 2.8%, while AMS climbed 1.7%. <\/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 Ends Notably Lower; Credit Suisse Tumbles Again<\/a><br \/>\n<br \/>2021-03-31 18:23:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market, which spent just a few minutes in positive territory on Wednesday, ended the session notably lower, as selling gathered momentum in the final hour. The benchmark&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-8463","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8463","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=8463"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8464"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}