India, July 29 -- Switzerland's equity benchmark SMI ended notably lower on Wednesday as stocks failed to hold early gains and kept edging lower past mid-morning amid cautious moves by investors, who reacted to earnings and assessed the potential impact of fresh strikes by the U.S. and Iran in the Middle East.
Investors also looked ahead to the Federal Reserve's monetary policy announcement.
The SMI, which advanced to a new record high of 14,656.05 in early trades, ended the session with a loss of 85.23 points or 0.58% at 14,486.10.
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