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ARTICLE | Financial News

Swiss stocks still tumbling on currency move

January 17, 2015 4:39 AM UTC

Swiss stocks continued to fall Friday after the Swiss National Bank decided Thursday to abandon the minimum exchange rate of CHF1.20 per euro.

Since Wednesday's close, Actelion Ltd. (SIX:ATLN) has lost CHF23.80 (19%) to CHF98.90, Roche (SIX:ROG; OTCQX:RHHBY) has lost CHF36.90 (13%) to CHF247.20 and Novartis AG (NYSE:NVS; SIX:NOVN) has fallen CHF13.50 (14%) to CHF85.05. Novartis gained $4.14 to $100.95 on NYSE. ...