Trading in shares of Treasury Wine Estates was suspended on the Australian Securities Exchange soon after the duties were announced. Photo: Handout
Trading in shares of Treasury Wine Estates was suspended on the Australian Securities Exchange soon after the duties were announced. Photo: Handout

China-Australia relations: Treasury Wine Estates takes hit from Chinese import duties as share price plummets

  • The stock price of Treasury Wine Estates, known for the Penfolds brand, fell sharply on Friday, with trading suspended after China announced wine duties
  • China’s Ministry of Commerce said the duties of up to 212.1 per cent are provisional when they are applied on Saturday and that final rates could be different

Trading in shares of Treasury Wine Estates was suspended on the Australian Securities Exchange soon after the duties were announced. Photo: Handout
Trading in shares of Treasury Wine Estates was suspended on the Australian Securities Exchange soon after the duties were announced. Photo: Handout
READ FULL ARTICLE