Chinese liquor stocks jumped on Thursday ahead of Lunar New Year, with retailers reportedly building inventories of spirits typically consumed at family reunions and corporate banquets.
Shares of Kweichow Moutai – China’s best-known baijiu maker and the most valuable stock on the mainland market – climbed more than 9 per cent in afternoon trading to 1,445 yuan, their highest level in over a month.
The stock closed the session 8.6 per cent higher at 1,437.72 yuan.
Smaller peers also rallied, with…
Spirits rise as baijiu shares rally on Lunar New Year demand
