Zurich

The Swiss stock market opened under pressure on Friday but quickly stabilised, with the Swiss Market Index (SMI) hovering just above the previous day’s close as investors rotated out of high‑flying tech names and into defensive blue chips. By mid‑morning in Zurich, the SMI was trading around 12,553 points, roughly 0.1% higher than Thursday’s close of 12,543, according to intraday data from cash.ch and MarketScreener. cash.ch+2MarketScreener UK+2 That modest gain came after futures had pointed to a drop of nearly three‑quarters of a percent earlier in the morning. finanzen.ch Global risk aversion, Fed uncertainty and a violent reversal in US