US stock market movement: UBS rises over 4% premarket as Swiss lawmakers signal plans to reduce its capital requirements

Glonghui, March 31｜A certain exchange rose more than 4% in pre-market trading, reaching $38.15. According to reports, the Financial Times quoted sources saying that Swiss legislators privately informed senior management at the exchange that they would propose a compromise plan to ease the government's requirements for the bank to increase its capital. The specific terms of the new compromise solution have yet to be determined, but the report states that a key parliamentary committee is expected to take over the matter in May, at which point the government will decide on the capital requirements for the exchange.