India, July 28 -- The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session.
The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
The benchmark SMI, which climbed to 12,061.08, settled at 11,914.95, losing 40.78 points or 0.34%.
Swatch Group closed 5.51% down. SIG Group ended lower by about 2.8%. Lindt & Spruengli and Julius Baer lost 1.98% and 1.81%, respectively.
Nestle, Richemont, Holcim, Sika, Swisscom, Zurich Insurance, Swiss Life Holding, Givaudan and Straum...