Chinese liquor stocks rallied sharply Thursday, led by Kweichow Moutai, reports Caixin. This came about as recovering wholesale prices and robust pre-Lunar New Year demand reignited investor confidence in a sector that had been in decline for more than a year.
Shares of Kweichow Moutai surged 8.61%, while the CSI Liquor Index climbed 9.79% to close at 9,149.9. Several prominent distillers—including Wuliangye, Luzhou Laojiao and Shanxi Xinghuacun Fen Wine Factory—hit their daily trading limit of 10%.
The rally marked a pivotal shift for the embattled sector, which had been mired in a downturn since October 2024. Investors appear to be reassessing its outlook amid signs of supportive government policies and stabilizing premium liquor prices.