The SMI showed strength in the Swiss stock market at closing, while Asian stock markets saw slight gains due to limited movements caused by public holidays. However, China's economic recovery remains fragile, as Ronald Temple, Chief Market Strategist at Lazard, pointed out.

Temple highlighted that the real estate crisis in China has significantly impacted consumer confidence, and the potential for a trade war with the United States could result in the worst growth slump in decades. Investor expectations in China have been repeatedly raised and subsequently disappointed in recent years, with little indication of improvement in 2025. The future of China's economy and market prospects heavily depend on the pace and effectiveness of government reforms.

In the commodities market, gold prices have slightly increased, reflecting investor caution amidst global economic uncertainties.