Swiss Market Turns Weak In The Final Hour, Ends Marginally Down

(RTTNews) - After staying positive till the penultimate hour of the day's session, the Switzerland market faced some resistance and eventually closed on a weak note on Tuesday. The benchmark SMI, which advanced to 14,053.26 around mid-morning, ended the day with a loss of 30.72 points or 0.22% at 13,912.19, slightly above the day's low. Julius Baer surged 7.2% after Swiss regulator FINMA concluded a long-running enforcement procedure covering legacy risk-management and anti-money-laundering issues. The stock moved higher despite FINMA saying the lender committed serious breaches of supervisory requirements related to risk management and anti-money-laundering obligations. VAT Group climbed nearly 4%. Richemont and Galderma Group moved up 2.5% and 2.