Swiss index closes down

Switzerland's blue-chip index SMI dropped 4.5 percent Thursday to close below 6,000 for the first time since April 2005. Declines in shares of Swiss pharmaceutical companies helped pull down the Swiss Market Index to 5,798.84 points down 36.54 percent from the year's high of 9243.79 points on Oct. 11, 2007. The decline... [read full story]                    

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