Macro Finance
Treasury Wine Shares Soar After Moves to Tackle Excess US Supply
Bloomberg Markets·August 9, 2026·1 min read
Treasury Wine Estates Ltd. shares jumped to an eight-month high after announcing a A$558.4 million ($395 million) post-tax writedown to address supply chain problems in its US market. The Australian vintner's move aims to tackle excess supply, boosting investor confidence and driving the stock price higher.
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