Swiss large-caps lose $100B on currency move

The Swiss franc soared—and Swiss stocks tanked—as that country's central bank shocked markets Thursday with a move to scrap a cap against the euro.

Swiss large-cap stocks lost about $100 billion on the move.

Symbol
Company Name
Price
% Change
Today
Jan 14 Mkt Cap
Loss (USD)
ROG-CH Roche Holding $256.80 -9.61 221,336 244,678 -23,342
NESN-CH Nestle S.A. $67.80 -8.56 217,835 239,119 -21,284
NOVN-CH Novartis AG $86.35 -12.38 235,168 266,695 -31,527
UBSN-CH UBS AG $15.00 -9.64 57,861 63,820 -5,959
CFR-CH CF Richemont $75.10 -15.33 39,228 46,301 -7,073
ZURVY Zurich Insurance Group $33.62 6.66 50,436 46,893 3,543
ABBN-CH ABB Ltd. $17.60 -10.66 40,716 45,600 -4,884
CSGN-CH Credit Suisse Group AG $20.70 -10.81 33,268 37,302 -4,034