Business
ASX 200 drops on Friday
The S&P/ASX 200 Index (ASX: XJO) fell by around 0.5% to 6,601 points.
Here are some of the highlights from the ASX today:
Treasury Wine Estates Ltd (ASX: TWE)
The Treasury Wine Estates share price fell by over 11% before going into a trading halt in response to China deciding to essentially put tariffs on Australian wine.
The ASX wine company said that it needed a trading halt whilst it prepares and releases an announcement about the decision of the Chinese Ministry of Commerce to apply anti-dumping measures on Australian wine imports into Chinese.
Treasury Wine Estates is reviewing the details of the provisional measures as a matter of urgency in order to update the market.
According to reports in the media, such as the ABC, China has…
-
General20 hours agoCampers evacuated, residents on alert as Moreton Island bushfire intensifies
-
General18 hours agoHundreds attend justice march for Kaiden Morgan-Johnston in Morwell
-
Noosa News19 hours agoHow Roosters star Eliza Lopamaua found her way to NRLW
-
General13 hours agoNewcastle Jets defeat semi-professional Heidelberg United 3-1 to lift first Australia Cup