Business · Markets · 10 hrs ago
Swiss SMI falls 1.14% amid global tech sell-off
A global sell-off in AI and chip stocks weighed on markets on Friday.
Switzerland’s benchmark SMI index fell 171 points, or 1.14%, to 14,796.
The drop reflected pressure on Swiss shares from a wider retreat in technology stocks.
US technology shares recovered slightly in the afternoon.
That helped the SMI bounce more than 200 points from its low before the market closed.
The index still ended the day lower.
The report does not say what investors should expect next.
The Swiss Market Index fell 1.14% to 14,796 points on Friday as a global sell-off in artificial intelligence and semiconductor stocks weighed on the market.
The index lost 171 points during the session.
A slight recovery in the US technology sector in the afternoon gave the SMI some support.
The SMI recovered more than 200 points from its daily low before the close.
- Who
- The Swiss Market Index (SMI).
- What
- It fell 171 points, or 1.14%, to 14,796 points.
- When
- Friday; the article was published on 9 November 2026.
- Where
- The Swiss stock market.
- Why
- A global sell-off in artificial intelligence and semiconductor stocks weighed on the market.
This story does not have two clearly opposing sides.
A global sell-off in artificial intelligence and semiconductor stocks weighed on the Swiss market, and the SMI fell.
A slight recovery in the US technology sector helped the SMI rebound more than 200 points from its daily low before the close.
- Index
- Swiss Market Index (SMI)
- Change
- Down 171 points, or 1.14%
- Closing level
- 14,796 points
- Market pressure
- Global sell-off in AI and semiconductor stocks
- Recovery
- More than 200 points from the day's low before the close