Australian diplomats in China have been mobilised to assist Treasury as the worsening relationship sparked a warning from respected business leader Graham Kraehe that Prime Minister Malcolm Turnbull would need to personally intervene to address concerns.
Australian Trade Minister Steven Ciobo said in Shanghai he had been informed of the situation by Treasury, the largest importer of foreign wine into China, in the past 24-36 hours.
So, works going on.
I thought it was a positive news. However, the market have its own decision and obviously, market is always right.
PS: May be a redundancy as everyone might already read it.
TWE Price at posting:
$16.57 Sentiment: Buy Disclosure: Held
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(20min delay)