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Swatch Falls as Factory Fire Disrupts Watchmaker Industry

Swatch Group AG, the world’s largest watchmaker, fell in Zurich on concern that the destruction of a workshop that makes timepiece movements may disrupt the wider Swiss watch industry.

The stock dropped as much as 2.2 percent and was down 1.3 percent at 586.50 Swiss francs as of 4:14 p.m., the steepest decline in the 20-member Swiss Market Index.