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Screenshot Cash.ch
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1.7
The leading Swiss index SMI dropped sharply after reporting the first corona case in Switzerland.
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Keystone
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2.7
The SMI collapsed the previous day.
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keystone-sda.ch
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3.7
This morning it still looked like a recovery.
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imago images / perspective
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7.7
The gold price also declined.
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Black Monday is followed by a dark Tuesday for investors. The leading Swiss SMI index, with its 20 largest Swiss stock exchange companies, had only moved slightly in the red this Tuesday morning. But the news of the first Corona case in Switzerland shortly before 4 p.m. brought the recovery to an abrupt end.
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The leading index fell sharply to 2 percent by 5 p.m. on the much feared news. The shares most affected were Novartis, Swiss Life, Alcon and the big banks Credit Suisse and UBS.
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The fear that the outbreak could lead to a global pandemic caused a sell-off in the financial markets yesterday Monday. At the close, the stock tableau in Europe and the United States was colored deep red. The SMI minus: 3.6 percent! (GNC)
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coronavirus—
The corona virus currently keeps the world in suspense. Whole cities have already been closed in China to prevent the spread, but other countries are tightening entry requirements to curb the spread of the epidemic. All the latest news and figures on the subject are available in the Corona Virus ticker.
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