SMI Extends Winning Streak to 10 Sessions, Closes at Record High

ZURICH (AP) — The Swiss Market Index (SMI) edged up 0.3% on Wednesday to close at an all-time high of 12,850.16, extending its winning streak to 10 straight sessions—the longest since November 2024. The benchmark was buoyed by broad-based gains in healthcare and consumer staples, with heavyweights Nestlé and Novartis leading the advance. Optimism over a potential policy easing by the U.S. Federal Reserve and a softer Swiss franc added momentum to the rally, which has added nearly 4% to the index over the past two weeks. Trading volumes were elevated, reflecting sustained investor appetite. The SMI’s record run underscores resilience in Swiss equities despite lingering global trade tensions.