Market Insight: The bond market is taking Kevin Warsh's job
In the US, key interest rates and capital market interest rates have decoupled from each other. This is because bond investors have to ensure order, says Handelsblatt market expert Andreas Neuhaus.
The Swiss chocolatier Lindt & Sprüngli is experiencing an unusual downturn in its share price, a trend that is becoming increasingly common among elite shareholders. Over the span of a year, the stock of the chocolatier has dropped by roughly ten percent, which translates to an even steeper 18 percent decline when measured in euros.
Since reaching its all-time high in July 2025, the company's share price has lost nearly 35 percent of its value. This makes Lindt & Sprüngli one of the priciest stocks in the world that is becoming more affordable: In the past five years, a single share often traded for less than 100,000 Swiss francs. Currently, the stock fluctuates around 95,000 francs, hardly far from the five-year low of 90,800 francs.
The price drop affects an asset that was once considered a benchmark for quality and promised steady growth. However, Lindt & Sprüngli is now paying the price for a strategy that has already caused troubles for other high-end confectionery brands.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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