Maker of Omega, Tissot and Longines watches is being removed from benchmark Swiss stock index and one ‘reason’ is China
AI Image for Representation In a blow to the beleaguered Swiss watchmaker, Swatch Group is reportedly set to be ousted from the benchmark Swiss Leader Index (SLI) next month, stock exchange operator SIX announced this week, citing a sharp drop in the company’s market capitalization and dwindling share trading volumes. According to a report by…