Stock market falls on euro zone fears

The Swiss stock exchange closed well down on Tuesday after a day of turbulence caused by fears about the euro and rising tension between North and South Korea.

This content was published on May 25, 2010 - 18:46

The Swiss Market Index (SMI) of 20 top rated companies, slipped 1.85 per cent to 6092 at close of trading, while the more broadly based Swiss Performance Index (SPI) was down 2.11 per cent to 5367.

The market was at its lowest around midday, but picked up slightly in the afternoon.

The worst hit companies were those that are particularly sensitive to the economic climate, including Petroplus, down 6.1 per cent, Clariant, down 5.2 per cent, Swatch, down 4.4 per cent, and Holcim and Adecco, both down 3.6 per cent

It was a bad day for financial shares as well, with Julius Bär bank losing 4.3 per cent, Credit Suisse 3.6 per cent and UBS 3.4 per cent. Insurance companies were also down.

Some of the heavyweights did better: Nestlé lost only 0.6 per cent, and Novartis one per cent.

Stock exchanges fell all over Europe to their lowest close since September. and agencies

Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI 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

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.