China's crowded wine market offers no lifeline for struggling global industry [Yahoo! Finance]
TREASURY WINE EST S/ADR (TSRYY)
NASDAQ:AMEX Investor Relations:
tweglobal.com/investors
Company Research
Source: Yahoo! Finance
market to imports, but the tougher economic conditions of 2024 are unlikely to deliver the sparkling growth winemakers seek. For two decades, China has driven growth in the global wine industry as many among the hundreds of millions entering its middle class acquired a taste for wines from Australia, Chile, Italy and France. But industry executives in China say the market, and domestic consumption, are still struggling to recover from a downturn that began before the COVID-19 pandemic and was drawn out by the lengthy curbs it brought. "The market has shrunk hugely in terms of consumer interest in wine and that's not showing any signs of reversing post COVID," said Kym Anderson, executive director of the Wine Economics Research Centre at the University of Adelaide. China's "apparent consumption" of wine in 2023, which includes imports and domestic production, was barely a quarter of its peak in 2017, with annual import volumes shrinking two-thirds over that period, he added.
Show less
Read more
Impact Snapshot
Event Time:
TSRYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSRYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSRYY alerts
High impacting TREASURY WINE EST S/ADR news events
Weekly update
A roundup of the hottest topics
TSRYY
News
- Painful week for individual investors invested in Treasury Wine Estates Limited (ASX:TWE) after 7.3% drop, institutions also suffered losses [Yahoo! Finance]Yahoo! Finance
- These Are the Stocks to Watch as Australia Resets Relations With China [BNN Bloomberg (Canada)]BNN Bloomberg
- China's crowded wine market offers no lifeline for struggling global industry [Reuters]Reuters
- China lifts tariffs on Australian wine, ends three-year freeze in trade [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- China lifts tariffs on Australian wine, ends three-year freeze in trade [Yahoo! Finance]Yahoo! Finance