Geneva---Swiss stocks opened 2.21 higher Monday, after plunging 14 percent last week following the central bank's shock decision to scrap its three-year bid to hold down the value of the franc.
The Swiss stock exchange's main SMI index opened at 8,074.56 points, a 2.21 percent rise over Friday's close.
The franc has jumped around 20 percent against the euro since the Swiss central bank stunned markets Thursday with its bombshell decision to abandon the minimum rate of 1.20 francs against the European common currency.
The Swiss National Bank had since September 2011 been defending the exchange rate in a bid to protect the country's vital export industry, including by buying massive quantities of foreign currencies.
AFP
