Swiss stocks close higher despite initial uncertainty, supported by President Trump's economic promises.

From Nasdaq: 2025-01-23 13:47:18

Swiss stocks closed higher on Thursday, despite initial uncertainty, due to concerns over President Trump’s tariff threats. Trump reiterated promises of tax cuts, tariffs, and energy production at Davos, while calling for rate cuts by major central banks. The SMI benchmark closed up 0.47% at 12,265.40, with Logitech International up nearly 3%. Other gainers included Partners Group, Schindler Ps, and Sandoz Group. However, VAT Group closed 2.34% lower. Sonova, Adecco, Alcon, and Geberit also ended the day in negative territory.



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