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Swiss Market Ends Notably Lower

(RTTNews) - The Switzerland stock market ended notably lower on Monday, in line with other major markets in Europe, on concerns over geopolitical tensions in North East Asia and the Middle East.

Traders were also reluctant to create fresh positions ahead of the upcoming New Year holiday, and instead, looked keen on taking some profits.

The benchmark SMI ended down 113.21 points, or 1.06%, at 10,616.94.

On Friday, the index closed with a small gain of 8.51 points at 10,730.15, after hitting a new all-time high at 10,755.68.

Alcon, Nestle, Geberit, Novartis, ABB and Sika lost 1.2 to 2%. Roche Holding, Givaudan, Zurich Insurance Group, Adecco and Lonza Group declined 0.8 to 1%.
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