Swiss stocks drop as AI regulation fears hit markets

bluewin.ch (French) —

The Swiss stock market fell sharply in early trading Friday, with all major blue-chip stocks declining, following a steep drop on Wall Street the previous day. Concerns about AI regulation and a slowdown in data center construction outweighed the post-election rebound. The Nasdaq 100 experienced its worst session since March 2020, erasing over $2.3 trillion in market value. Investors are questioning profit forecasts that justified high valuations for AI-exposed companies, according to Cité Gestion partner John Plassard. By 09:11, the SMI index dropped 1.68% to 14,715.76 points, with Kühne+Nagel, Sonova, and Swiss Re leading losses. Investors now await US October employment data for further market direction.


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