Swiss stock market closed lower, SMI dropped 0.48%

From Nasdaq: 2025-06-23 13:14:00

The Swiss stock market closed lower for the third consecutive session, with the SMI dropping 0.48 percent to finish at 11,254.42. Investors were cautious due to European economic data and the upcoming Federal Reserve rate decision. Givaudan and Lonza Group saw significant declines, while Swatch Group and ABB posted gains. UBS AG and the Swiss government signed a Loss Protection Agreement for the acquisition of Credit Suisse Group, with completion expected as early as June 12. Upon completion, Credit Suisse shares will be delisted from stock exchanges.



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