After the US tariff measures, Swiss stocks opened 1.8% lower.
2025-08-04 07:37:23
Swiss stocks fell sharply in morning trading as the United States imposed a 39 percent tariff on Switzerland. The SMI index fell 1.8 percent to its lowest level since April, the first time Swiss markets reacted to the tariff news after it was closed for a local holiday on Friday. Zurich Insurance, UBS and Roche were among the biggest losers. Trump's decision last week to impose 39 percent tariffs on Switzerland, close to the world's highest level and even higher than the 31 percent rate discussed in April, will take effect on Thursday. "This puts Swiss exporters at a significant disadvantage compared to companies in the European Union, Japan or South Korea, where benchmark tariffs are only 15 per cent," Mark Diethelm, analyst at Vontobel, the investment bank, said in a note.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
