S&P/ASX 200 dips 0.67%; China imposes anti-dumping measures on Australian wine

S&P/ASX 200 (INDEXASX:XJO) has dipped further from its nine-month peak but is still on track for another positive week. The index is set for a significant monthly gain of about 10.5% despite a 0.67% fall to 6592 points by 1.34 pm today. Financials, materials, energy and healthcare sectors were leading the losses today with only communications and property sectors improving. The big four banks are all in negative territory with ANZ Bank (ASX:ANZ) falling the most, down 1.72%. Chinese anti-dumping duty on Australian wine The world's largest listed winemaker, Treasury Wine Estates (ASX:TWE), halted trading until Tuesday as AFP reported that China has imposed anti-dumping measures on Australian wine. #UPDATE China imposes anti-dumping measures on Australian wine. China - Australia's biggest trade partner - has threatened retaliation since Canberra called for an inquiry into the Covid-19 pandemic, and has already suspended some timber and beef importshttps://t.co/NF8YYDhTsS pic.twitter.com/2dVRuJUQuT — AFP News Agency (@AFP) November 27, 2020 Importers bringing in investigated products will need to pay deposits to China's customs authority, which will be calculated based on different rates the authority has assigned to various companies, according to a statement by China's commerce ministry. Treasury Wine is required to pay a rate of 169.3%, the highest among all the named wine firms in the statement. Top gainers Today’s top gainers on the ASX include Creso Pharma Ltd (ASX:CPH) (+12.50%), Calima Energy Ltd (ASX:CE1) (+14.29%), Strategic Elements Ltd (ASX:SOR) (+14.81%), Ironbark Zinc Limited (ASX:IBG) (+8.70%), Lake Resources N.L. (ASX:LKE) (+14.52%), Walkabout Resources Ltd (ASX:WKT) (+14.29%) and Linius Technologies Ltd (ASX:LNU) (+7.89%). Proactive news headlines: K2fly aims to continue revenue growth through SaaS contracts and diversification in FY21 K2fly Ltd (ASX:K2F) chair Jenny Cutri told this week's annual general meeting that FY20 had been an “extremely positive year for the company” despite the turbulent economic backdrop and impact of the COVID-19 pandemic. Tempest Minerals completes tranche-1 of $1.155 million placement Tempest Minerals Ltd (ASX:TEM) has completed tranche-1 of a $1.155 million placement to sophisticated and professional investors raising $744,787, which will support ongoing exploration at the company’s gold and base metal projects in Western Australia. Technology Metals launches $2 million share purchase plan to further fund project development Technology Metals Australia Ltd (ASX:TMT) has launched a share purchase plan (SPP) which allows eligible shareholders to subscribe for up to $30,000 worth of fully paid ordinary shares without having to pay brokerage or other transaction costs. Davenport Resources completes transformational A$10 million share placement to advance German potash projects Davenport Resources Ltd (ASX:DAV) (FRA:D86) has completed a transformational A$10 million placement, putting it in a strong financial position to advance its portfolio of four standalone projects in the South Harz region of Germany with a combined 5.3 billion tonnes of potash resource, the largest potash resource in western Europe. Boadicea Resources expands exploration into prolific Ravenswood gold district of Queensland Boadicea Resources Ltd (ASX:BOA) intends to expand its exploration efforts into the prolific Charters Towers gold region of north Queensland after applying for a new exploration licence for EMP27752. eSense-Lab set to commercialise alcohol-free sanitiser comprising terpenes after encouraging research results eSense-Lab Ltd (ASX:ESE) is moving towards commercialising an alcohol-free sanitiser comprising two proprietary blend terpene profiles after receiving positive research results at the Central Virology Lab of the Israeli Ministry of Health. Walkabout Resources advances approval of Lindi Jumbo debt funding facility Walkabout Resources Ltd (ASX:WKT) has executed a non-binding, conditional term sheet for a US25 million debt facility in favour of Lindi Jumbo Ltd from the African Export-Import Bank (Afreximbank). Lotus Resources restart plan for Kayelekera Uranium Project in Malawi gets lift with $5 million placement funding Lotus Resources Limited (ASX:LOT) has received binding commitments to raise $5 million before costs to fund the restart study of its Kayelekera Uranium Project in Malawi and for near-mine exploration potentially increase the existing 37.5 million pounds uranium resource. Perseus Mining set to deliver material organic growth at each of its three West African operations Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has several exciting exploration programs planned to roll out across its West African properties, most notably at Yaouré, as it looks to deliver material organic growth at each of its three operating sites.