Author - Craig Foley
24Sep

Treasury Wine Estates shares drop on China trade war fears: ASX closed 0.01% lower

24 Sep 2019 - The ASX failed to gain momentum after an early rise this morning and closed 0.01% lower. Treasury Wine Estates (ASX:TWE) shares dropped today after they released their Investor day presentation showing Chinese wine accounts for 60% of sales volume in China and fears this could be harmed by the trade war between the US and China. Noxopharm (ASX:NOX) released an announcement today saying Chief Medical Officer Dr Greg Van Wyk is departing the business.

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24Sep

Webjet rises on UK travel company collapse: ASX tracking 0.1% lower at noon

24 Sep 2019 - The ASX rose at the open despite weak leads from Wall Street but failed to maintain the momentum and is now tracking 0.1% lower at noon. Webjet (ASX:WEB) shares are on the up following the collapse of UK travel firm Thomas Cook. Qantas have been called on to help their passengers stranded in all corners of the globe. Macquarie Media (ASX:MRN) has confirmed that John Singleton has signed over his stake in the group.

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