India, April 3 -- Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
Switzerland's Federal Council said tariffs are set to hit the nation's key sectors and dampen the growth forecast for its economy, which is projected to grow below average in 2025 and 2026. Machinery, watches, and agricultural goods exports, which will be subjected to the tariffs, are likely to see a sharp downturn.
The benchmark SMI, which stayed well below the flat line right through the day's session, settled with a loss of 308.83 points or 2.45% at 12,279.48, not far off the day's low of 12,252.70.
Logi...