Business
ASX drops; Banks, miners sides, US futures mostly red – The Australian Financial Review
The ASX closes lower as losses for banks and miners offset gains for tech stocks. The tech sector caught a tailwind from sharp gains for Nasdaq futures, with the…
The risks are rising for investors in Treasury Wine Estates, the maker of Penfolds and Wolf Blass, as fallout from the China trade war reverberates, because it produces more than 40 per cent of Australia’s $1.26 billion in annual wine exports to that country.
Treasury said on Wednesday it had received no notification from Chinese authorities about any new ”soft” bans on China-based importers which might curb product going into China. The hit from any ”soft” bans would come on top of potential…
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