Business · Markets · 10 hrs ago
Swiss market index closes above 15,000 for the first time
The Swiss Market Index closed above 15,000 for the first time on Wednesday, ending the day at 15,022.85 points.
The SMI tracks major Swiss-listed companies, and it also reached a record intraday high of 15,044 points.
Swiss shares rose after the US midterm elections, with investors appearing more willing to take risks.
Logitech led the SMI's biggest gains, rising 8.7%, while UBS gained 4.6% and Alcon rose 5.8%.
Concerns about AI regulation weighed on ABB, whose shares fell 2.8%, as investors considered how US policy could affect data-centre expansion.
Lower oil prices offered some relief, with Brent crude falling about 5% to below $99 a barrel.
But inflation and interest-rate concerns, AI uncertainty and unresolved risks around the Iran conflict remain, so the market's next direction is uncertain.
Switzerland’s SMI closed above 15,000 points for the first time on Wednesday.
The index rose 1.9% to 15,022.85 points, after reaching an intraday record of 15,044.
Swiss shares rose after the US midterm elections, alongside gains in other European markets and early trading on US exchanges.
Logitech led SMI gainers, rising 8.7%, while ABB fell 2.8% amid concerns about artificial intelligence.
Analysts cited hopes of a market relief rally but warned that geopolitical, inflation, interest-rate and AI-related risks remained.
- Who
- Switzerland’s Swiss Market Index (SMI).
- What
- The index closed above 15,000 points for the first time, at 15,022.85.
- When
- Wednesday, 4 November 2026.
- Where
- Switzerland’s stock market.
- Why
- Swiss shares rose after the US midterm elections. Market analysts cited hopes of reduced political uncertainty, while warning that significant risks remained.
This story does not have two clearly opposing sides.
The SMI crossed 15,000 points for the first time.
The SMI finished up 1.9% at 15,022.85 points, with an intraday high of 15,044.
- SMI closing level
- 15,022.85 points
- SMI change
- Up 1.9%
- Intraday record
- 15,044 points
- Logitech
- Up 8.7%
- ABB
- Down 2.8%
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What people are saying
Nach Wochen voller Inflationssorgen, steigender Anleiherenditen und geopolitischer Unsicherheit scheinen die Anleger nach den US-Midterms wieder bereit zu sein, grössere Risiken einzugehen
Eine erneute Eskalation könnte die geopolitischen Risikoaufschläge rasch wieder erhöhen und den Ölpreis nach oben treiben