Swiss stock market slumps, uncertainty over US trade policies

The Swiss stock market closed lower on Monday, extending its losing streak to three sessions. The SMI dropped 0.15 percent to finish at 11,954.54. Traders were uncertain about U.S. trade policies as new tariffs were expected to be imposed on Wednesday, but the deadline was extended to August 1st. Swiss Re and Julius Bar Gruppe were among the top performers, while Roche Holding and Nestle saw declines. Overall, the market was volatile throughout the day, with traders seeking clarity amid the ongoing trade tensions.

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