$480m wiped off Aussie company in one day

News Snapshot:

The value of baby formula maker a2 Milk fell by almost half a billion dollars in just one day after the company revealed that a slowing birthrate in China is expected to hurt its growth. China is a major market for dairy products from Australia and New Zealand. With the global baby formula market plagued by product shortages and recalls in recent years, both countries are seen to produce high quality products thanks to our clean environment and abundant grasslands. But the fertility rate in China has plummeted from 1.81 in 2017 to 1.09 in 2022. The fertility rate in...