Swiss equities faced a downturn, with the SMI index dropping 0.57% to 12,475.49 points, primarily due to a 7.1% decline in UBS shares amid capital concerns despite positive results. The market remains volatile, influenced by ongoing tariff disputes, particularly with China. Notable losers included Swatch (-3.2%) and Sonova (-3.4%), while Medacta stood out with an 11% gain following strong sales figures.
ubs recommends buying alcon and medacta in swiss medtech sector
UBS recommends buying Swiss medtech stocks Alcon and Medacta, citing their growth potential despite short-term concerns for Alcon's 2025 forecasts. Alcon is expected to launch new products, while Medacta shows sustained growth in orthopaedics. Conversely, Straumann is rated sell due to high expectations and recent strong performance.
Swiss stock market declines as UBS falters amid tariff concerns
The Swiss stock market is experiencing a downturn, with UBS giving up early gains and Kühne+Nagel shares declining. The previous day's optimism over postponed tariffs on imports from Mexico and Canada has been tempered by China's response, while attention turns to upcoming US job data and orders.
Swiss stock market declines as UBS and Sonova shares fall sharply
The Swiss stock market faced a downturn, with the SMI index dropping below 12,500, primarily due to a significant decline in UBS shares amid capital concerns. While some companies like Lonza and Medacta saw gains, others, including Swatch and Sonova, struggled as uncertainty from international tariff disputes continued to weigh on investor sentiment.
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