SMI back above 12,500 points for first time since beginning of 2022
SMI back above 12,500 points for the first time since the beginning of 2022
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: SMI back above 12,500 points for first time since beginning of 2022
The Swiss stock market continued to benefit from its defensive stance on Tuesday. The leading SMI index rose by almost 1% at times in the morning and traded above 12,500 points for the first time since the beginning of 2022.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
SMI erstmals seit Anfang 2022 wieder über 12’500 Punkten
Original
At the start of the week, news about the Chinese AI start-up DeepSeek, which media reports say could compete with established companies in the AI sector, caused unrest and put technology stocks in particular under pressure worldwide.
The AI company Nvidia was particularly affected, plummeting by 17% on the New York Stock Exchange. The associated market capitalisation loss of $589 billion (CHF533 billion) was the highest in US stock market history.
The Swiss stock exchange, with its low technology component, is one of the winners in this environment. Last year, it lagged behind the global trend for the same reason. Of the 18 trading days in the year to date, the SMI has now ended 16 with a positive sign.
As on the previous day, the fact that the SMI once again significantly outperformed its European counterparts on Tuesday morning was primarily due to the three heavyweights. Roche (+1.2%), Nestlé (+0.9%) and Novartis (+0.8%) contributed a large part of the current gains of just under 100 points, or around 0.8%, with their advances at 11.15am. Other representatives of the healthcare sector are also posting above-average gains.
Translated from German by DeepL/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Banking & Fintech
UBS releases ‘hundreds’ of staff in fresh wave of job cuts
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
Switzerland targets 65% cut in greenhouse gas emissions by 2035
This content was published on
Switzerland has set an ambitious goal to cut its greenhouse gas emissions by at least 65% by 2035, compared to 1990 levels.
Switzerland cuts foreign aid to Albania, Bangladesh and Zambia
This content was published on
This decision comes after the parliament allocated less funding for foreign aid in December than the government had requested.
Switzerland to end international adoptions by 2026
This content was published on
Swiss citizens will no longer be able to adopt children from abroad. The government plans to halt these adoptions to prevent potential abuses.
Home ownership costs in Switzerland up by 2% in 2024
This content was published on
Home ownership in Switzerland became slightly more expensive in 2024. Central Switzerland has the priciest single-family homes at CHF1.78 million.
This content was published on
Six months into his tenure, Vice Chancellor Andrea Arcidiacono said he will leave the Federal Chancellery at the end of March.
Swiss Muslim campaigner faces defamation complaint
This content was published on
The Vaudois Union of Muslim Associations continues its defamation complaint against Saïda Keller-Messahli for her remarks in Le Matin Dimanche.
DRC fighting: UN reports rape and relocates non-essential staff
This content was published on
The UN has moved non-essential staff from Goma in the DRC, after M23 rebels entered on Monday. Reports of rape and looting have emerged.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.