MILAN (Reuters) - Shares in UBS suddenly turned lower on Thursday with traders citing a Reuters report saying Switzerland's competition commission favoured a deeper investigation into the bank's dominance of certain parts of the market.
By 1609 GMT, the stock was down 0.1% in Zurich, having been up as much as 1.1% before the Reuters report. UBS shares are down over 3% so far this year, having surged 23% in the past 12 months.