Zurich, Switzerland (GenevaLunch) - Fears of a global recession is sparking European and Asian market losses. The Swiss stock market is also feeling the heat and was down at opening today, 24 October.

More than 3.5% of the 20 stocks at the Swiss Market Index (SMI), lost 5,667.24 points. Yesterday, the index closed at 5,893.73 points, down 0.54% or over 31 points. European stocks on Thursday 23 October, lost 0.1 in “choppy trade“.

Note: The SMI is a capitalization-weighted index made up of liquid SPI-large and mid-cap stock listed in the SWX Swiss Exchange.

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