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Switzerland: Stock exchange closes down 5.96% on soaring franc

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

[GENEVA] Swiss stocks closed down nearly six per cent on 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 per cent to 7,899.59 points.

AFP

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