The Swiss stock market lost ground on Friday. The decline started at the outset of the session, with traders taking their cues from the overnight drop on Wall Street and in Asia.
The benchmark SMI lost 0.38 percent to 5,989.33, though it finished off its low of the session of 5,971. With losses posted earlier in the week, especially the 1.6 percent decline on Tuesday, the SMI ended the week with a loss of 1.3 percent.
The SLI declined 0.94 percent to 891.48. The SPI fell 0.47 percent to 5,567.84.
Cyclical stocks helped lead the way lower, hurt by recent U.S. data that pointed to weakness in the world's biggest economy. Adecco declined 2.9 percent and Kuehne + Nagel dropped 2.4 percent.
Bank stocks showed weakness, following news that Moody's had downgraded a number of banks, but the declines were not substantial. Credit Suisse lost 0.6 percent, while UBS ended the day unchanged.
by RTT Staff Writer
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