India, March 11 -- The Switzerland market ended sharply lower on Tuesday, in line with markets across the region, as rising worries about global growth and fears of a U.S. recession, due to the ongoing U.S.-Canada trade war, hurt sentiment.
US President Donald Trump said he will double his planned tariffs on steel and aluminum imports from Canada to 50% from 25% as retaliation for the Canadian province of Ontario's 25% tax increase on electricity exports to the US.
The benchmark SMI ended down 321.20 points or 2.47% at 12,692.25.
Novartis tumbled 5.6%. Roche Holding and Kuehne + Nagel both closed lower by about 3.5%
Straumann Holding, Schindler Ps, Alcon, UBS Group, SIG Group, Lindt & Spruengli, Nestle and SGS lost 2 to 3.1%.
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