Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has started the day in the red by 0.16%.
Bellamy’s Australia Ltd (ASX: BAL) is the big mover of the morning, with the share price up by a whopping 23.36% thanks a very positive upgrade to its FY18 guidance.
a2 Milk Company Ltd (Australia) (ASX: A2M) seems to have benefited from Bellamy’s good news, the a2 share price has risen by 5.74%.
Bellamy’s and a2 aren’t the only shares that export to China that are having a good day today. Blackmores Limited (ASX: BKL) has risen by 5.25% so far.
The Rio Tinto Limited (ASX: RIO) share price has barely moved so far today after it updated the market with its quarterly production numbers. The share price is currently down 0.98%.
One of the biggest losers so far in the ASX200 has been Retail Food Group Limited (ASX: RFG), which is down by 4.68%. Speedcast international Limited (ASX: SDA) is the other main loser so far today, down by 3.54%.