Despite opening on a firm note and holding in positive territory around mid-morning, the Switzerland market ended notably lower on Friday as stocks drifted lower in afternoon trades, tracking weakness in other markets across Europe.
The benchmark SMI, which advanced to 12,305.79 in early trades, ended the day with a loss of 93.90 points or 0.77% at 12,140.25.
Richemont declined nearly 3%. Swiss Re shed about 2.5%. Sika, Holcim, ABB, Partners Group, Logitech, Geberit and Zurich Insurance Group lost 1.2 to 1.6%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.