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 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.