Swiss Stocks Climb, Led By Roche

(RTTNews) - Swiss stocks steadied Tuesday, taking back some of their big losses from the previous session. Strength was seen among health care and cyclicals.

The Swiss Market Index rose 0.57 percent to 8,351.55.

Luxury brand marker Richemont rose 1.3 percent, while stylish watch designer Swatch added 0.8 percent.

Roche will buy Santaris Pharma for up to $450 million in cash. Roche shares rose 1 percent.

Swiss insurer Baloise said it expects a first-half net profit of more than 340 million Swiss francs. Shares rose 3 percent.

Oerlikon said first-half net profit fell sharply. Shares were up 4.9 percent.