New punitive tariffs fears – the Swiss stock market suffers SchwächeanfallDie investors fear an escalation of the dispute between the United States and China, and related to the new criminal duties. Most of all, the luxury goods stocks suffer.oli/reuters1 Kommentar1Am most under pressure, the luxury goods stocks fell.Photo: Alessia Pierdomenico/Bloomberg/
The Swiss stock market suffered last week, a bout of weakness. The dealer stated that the China-proposed security law in Hong Kong have driven investors out of equity markets. They feared that the duties in the relationship between China and the United States to a renewed escalation with mutual Criminal and other sanctions could be coming. The SMI fell one percent on 9688 points. In the course of the entire week, an increase of 2.2 percent was the result nonetheless.
The most under print titles, which are heavily dependent on the Chinese market were. The luxury goods group Richemont,ended a share buyback program, lost 4.1 percent of its value.
The stainless steel watch manufacturer Swatch was with a Minus of 1.5 percent better. Losses of up to three per cent, were recorded by the big banks, UBS and Credit Suisse. Among the few winners among the standard values for Zurich. The Broker Kepler cheuvreux recommends new titles to purchase.
the next values climbed, the share of the bakery manufacturer Aryzta were to 8.5 percent. The activist Investor Veraison wants to exchange at an extraordinary General meeting of shareholders the Board of Directors, including President Gary McGann.
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