Bullish
SMI rises 0.7% to 13,878 points; all 20 stocks close higher
The Swiss Market Index (SMI) increased by 0.7% to 13,878 points, with all 20 constituent stocks closing in positive territory. Investor sentiment was cautiously optimistic ahead of the earnings season, supported by stability in bond markets, easing EU-China trade tensions, and political signals of a ceasefire in the Ukraine conflict. However, semiconductor stocks remained under pressure, with ams-Osram shares declining by 5.9% due to concerns over the profitability of substantial AI investments.
Key points
- SMI closes higher with all 20 stocks in the green.
- Investor sentiment cautiously optimistic ahead of earnings season.
- Stability in bond markets and easing EU-China trade tensions support market.
- Semiconductor stocks under pressure; ams-Osram shares down 5.9%.
Sources
AI-generated from public news sources. Not financial advice.
