Swiss Stock Market Takes Slight Tumble As War In Middle East Escalates

2026-03-03 04:14:54

(MENAFN- Swissinfo) The war in the Middle East is leading to losses on the world's major stock exchanges at the start of the week. However, the Swiss Market Index (SMI) did not fall quite as sharply in early trading as its key European counterparts. Select your language

Generated with artificial intelligence. Listening: Swiss stock market takes slight tumble as war in Middle East escalates This content was published on March 2, 2026 - 11:10 3 minutes Keystone-SDA

Deutsch de Nahostkrieg sorgt für Börsen-Verluste Original Read more: Nahostkrieg sorgt für Börsen-Ver

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On the stock market, food giant Nestlé is showing resilience, while gold and the Swiss franc are in demand.

On Saturday, Israel and the United States launched attacks on Iran, killing the Iranian supreme leader Ayatollah Ali Khamenei, among other officials. Tehran responded with attacks on targets in Israel and on several US military bases in the Gulf region.

As VP Bank stated, the situation remains unclear:“Whether this will be a shorter or longer conflict remains difficult to assess at this time.” Oil prices have already risen due to fears of supply delays caused by a blockade of the Strait of Hormuz.
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