All sectors of the Swiss stock market have been hit by the global selloff triggered by the tariffs set by the United States.
Analysts are worried the tariffs will slow the global economy and cause inflation.
The SMI in Zurich was down more than 5% at the close last night. All 30 leading shares ended the day negatively.
Chocolate maker Lindt was the best performer, only losing one percent – but electronics maker Logitec suffered as it has major manufacturing plants in China, down 3.7%.
The worst performer was the investment firm Partners Group, off nearly 9%.
All these losses follow a dramatic downturn at the end of last week.
The market has slumped 13% since the tariff announcement.
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