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Business / Stock Market

Swiss stock exchange closes down 5.96% on soaring franc

Published: 16 Jan 2015 - 11:07 pm | Last Updated: 18 Jan 2022 - 01:51 am

Swiss Stock Exchange building


Geneva - Swiss stocks closed down nearly six percent Friday, a day after the central bank stunned markets by scrapping its three-year bid to hold down the value of the franc.

The Swiss stock exchange's main SMI index shed 5.96 percent to 7,899.59 points.

AFP