Maker of Omega, Tissot and Longines watches is being removed from benchmark Swiss stock index and one ‘reason’ is China

Swatch Group will be removed from the Swiss Leader Index (SLI) on December 22 due to declining market capitalization and trading volumes. This demotion follows a significant drop in sales, particularly from China, and increased competition from smartwatches. The move underscores broader challenges in the luxury goods sector.