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…
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