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
Life & Aging
Zurich: how the world capital of housing shortages is tackling the problem
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
In Switzerland more people are being referred to electrical therapies or psychedelic-assisted psychotherapy. Are there similar approaches where you live?
Ex-sect member sentenced in Zurich for sexual abuse
This content was published on
Zurich District Court has sentenced a former member of the globally active sect "Children of God" to a partial prison sentence.
SNB chairman does not rule out slowdown in Swiss growth
This content was published on
Martin Schlegel, chairman of the Swiss National Bank (SNB), does not rule out a weakening of the Swiss economy in light of the tariff dispute.
Swiss NGOs abroad to receive 10% less federal funding
This content was published on
In 2025 and 2026, Swiss NGOs will have 10% less federal funding available for international cooperation than in the previous two-year period.
Swiss parties spent less than CHF1 million on February green vote
This content was published on
Swiss political parties spent CHF 700,000 ($840,000) on campaigns in the run-up to the overwhelmingly defeated vote on February 9, according to the Swiss Federal Audit Office.
This content was published on
Swisswool, the largest Swiss wool processor, is not accepting any wool for the first time this spring. For many sheep farmers, the only option is to get rid of the wool.
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.