The ASX 200 gained 7.2 points yesterday, paring early losses as investors digested the GDP data from Australia’s biggest trading partner that, while falling, erased some fears of a sharply weakening Chinese economy.
<li>Treasury Wine (TWE.ASX), the world’s second-largest listed wine company, posted its biggest drop since its 2011 listing, falling 12% after saying it will write off $160 million of low-value wine stock on expectations of slowing demand at its U.S. division. </li>
<li>Gold producers slumped after futures dropped on Friday for the first time in five sessions in New York. Regis (RRL.ASX) -4.5%, Kingsgate (KCN.ASX) -3.8%, Newcrest (NCM.ASX) -3.8%, Medusa Mining (MML.ASX) -4.7%.</li>
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Seismic Research is a research house that specialises in small-cap ASX-listed companies. Our goal is to find undervalued small-cap companies with near-term growth potential. We recommend companies based on their fundamental value, while keeping in mind the upcoming news flow.