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Swiss stock market limits losses as defensive stocks gain traction
The Swiss stock market showed weakness on Friday but managed to limit losses, supported by defensive stocks like Lindt & Sprüngli and UBS. Concerns over the US tariff dispute and rising bond yields negatively impacted growth and technology sectors, while luxury goods stocks like Richemont and Swatch faced significant declines. Zurich Airport shares fell despite a record result, reflecting cautious future prospects.
Zurich Airport sees 2.5 percent increase in February aircraft movements
Zurich Airport experienced a 2.5% increase in aircraft movements in February, with a total of 17,248 take-offs and landings compared to the same month last year. However, this figure remains approximately 10% lower than the pre-pandemic levels recorded in February 2019, when over 19,000 movements were noted.
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