Swiss Market Index Falls as Logitech Drops on Supply Chain Disruption

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Summary · why it matters

The Swiss Market Index fell 93.61 points, or 0.65%, to close at 14,392.49 on Thursday, underperforming most European peers amid earnings reactions and geopolitical concerns. Logitech International tumbled 6.5%, extending its decline after reporting a serious supply chain disruption in its fiscal first-quarter earnings, with a Barclays price-target cut adding pressure. Roche and Novartis each lost about 2.3%, while VAT Group climbed 4% and ABB gained 3.1%. The KOF Economic Barometer rose to 103.5 in July from an upwardly revised 102.1 in June, beating expectations and reaching its highest level since February.

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