Australian vintner Treasury Wine Estates Ltd. saw its shares jump to an eight-month high after announcing a A$558. 4 million ($395 million) post-tax writedown to tackle supply chain problems in its US market.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-09/treasury-wine-flags-395m-writedown-to-tackle-excess-us-supply)

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