BRUSSELS (dpa-AFX) - Swiss stocks were finished lower Monday, led by weakness in Transocean and Credit Suisse. European markets generally struggled amid geopolitical tensions and concerns about valuations in global equities.
The Swiss Market Index slipped 0.62 percent to 8.518.41. Credit Suisse fell 1.8 percent and Transocean lost 2 percent.
Novartis said the European Commission had approved Alcon's Simbrinza treatment for glaucoma. Shares fell 0.8 percent.
Swatch Group plans to equip its Swatch Touch line of plastic watches with wearable tech to monitor personal fitness. The stock was flat.
Geberit said William J. Christensen, a member of the group's executive board, will leave the group at the end of the third quarter. Shares slipped 0.77 percent.
SGS said it was acquiring Galson Laboratories Inc. SGS was down 0.3 percent.
Bellevue Group AG said its net profit rose 6 percent. Shares slipped 1.5 percent.
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