Investing
Add as a preferred source on GoogleThe SMI closed at 14,967.73; its morning low was 14,726 and its session record was 15,092.56.
At 14,967.73, the SMI closed below its 15,092.56 session record; earlier, it had fallen to 14,726.
The SMI reached 15,092.56 at its session peak. Earlier, it had dropped 1.6% to 14,726. The index ended at 14,967.73, down 55.12 points, or 0.37%.
The SMI represents 20 of Switzerland’s largest and most liquid stocks. Morning losses were broad across the index.
NSE listed Nov. 8 as a Diwali Laxmi Pujan holiday and scheduled Muhurat trading; an Oct. 19 circular set equity pre-open for 3:35 a.m. ET (08:35 UTC) and continuous trading from 3:50 a.m. ET (08:50 UTC).
Menzie Chinn estimates equities and mutual funds made up 31% of household net worth, versus 26% in 2000, while inflation-adjusted holdings grew less than they did by the earlier peak.
Equities saw about 15 times the $2.1 billion outflow from emerging-market debt.
