Shares in Treasury Wine Estates, the world's biggest standalone winemaker, plunged by 14.1 percent in Australian trade today after China announced an anti-dumping inquiry into Australian wine, in containers holding 2 litrrs or less. It marked the latest ramp-up in trade tensions. China decided to impose crippling barley tariffs earlier this year, ABC News reports.

Source: The Standard August 18, 2020 06:56 UTC