Swiss stocks start 2026 on a cautious note as UBS, Richemont lift SMI; SNB franc signal watched
Switzerland’s SMI closed up 0.2% at 13,267.48 on Dec. 30, with Zurich markets shut for the New Year holiday. UBS and Richemont led gains, while Novartis and Alcon slipped. The Swiss franc drew attention after the SNB reported a sharp drop in foreign-currency purchases, down to 75 million francs in Q3 from 5.06 billion in Q2. The next Zurich trading session is set for Jan. 3.