A2 Milk Company Ltd (ASX:A2M) is one of Australia and New Zealand’s largest infant formula producers and the leader in a2-only protein based dairy products. It has operations in New Zealand, Australia, USA and China thanks to key supply and distribution agreements.
US President Donald Trump has announced that $300 billion worth of Chinese goods will be hit with a 10% tariff from 1st September 2019. Here’s how it could affect the ASX.
The A2 Milk Company Ltd (ASX:A2M) share price went up 8% today as shareholders got a boost.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.76% at lunch.
US President Donald Trump and China’s Xi Jinping have agreed to restart trade talks, sending companies like Bellamy’s Australia Ltd (ASX: BAL) and Fortescue Metals Group Ltd (ASX: FMG) higher.
The Bubs Australia Limited (ASX: BUB) share price is up 17% in early trade after the company announced a new partnership that will increase their reach in China.
It seems a2 Milk Company Ltd (ASX:A2M) shares, Bellamy’s Australia Ltd (ASX:BAL) shares and Bubs Australia Ltd (ASX:BUB) shares have fallen off the radar of ASX investors.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.04% at lunch.
The A2 Milk Company Ltd (ASX:A2M) share price is down over 1% on Chinese news.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.01% at lunch.
