SMI back above 12,500 points for first time since beginning of 2022
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.
+Get the most important news from Switzerland in your inbox
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.
+ Artificial intelligence in Switzerland: what’s new for 2025
Low technology share helps
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.
More
Why Switzerland is among the ten fastest-warming countries in the world
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Suicides in Switzerland quadruple among older people
More
French gangs target luxury cars in Switzerland
More
Renewed controversy in Switzerland over US fighter jets – explained
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
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.