(RTTNews) – The Swiss market ended on a high note on Wednesday, influenced by positive trends from other European markets, amid increasing expectations of a resolution to the U.S. government shutdown this week and optimism regarding a potential interest rate cut by the Federal Reserve next month.
The benchmark SMI, which rose to 12,823.52, finished with an increase of 91.66 points or 0.72% at 12,793.74.
Alcon surged nearly 4%. Richemont, Galderma Group, Sonova, Geberit, UBS Group, Holcim, Amrize, Sandoz Group, and SGS saw gains ranging from 1% to 1.8%.
Lindt & Spruengli, Kuehne + Nagel, Swatch Group, Novartis, ABB, Schindler Ps, Roche Holding, and Nestle experienced moderate increases.
Swiss Life Holding closed down by approximately 1.1%. VAT Group, Swisscom, and Partners Group experienced declines between 0.5% and 0.65%.
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