HONG KONG, Dec 25: Chinese distiller Kweichow Moutai Co Ltd led a tumble in the country’s alcohol sector on Monday after Beijing banned its top brass from hosting boozy banquets while working, Communist Party chief Xi Jinping’s latest anti-corruption move. Shares in Moutai, whose premium white spirits are much favored by the Chinese military, were down 5.8 per cent in Shanghai at 9.07 P.M. ET, unwinding modest December gains. (agencies)
Trending Now
E-Paper
Follow our WhatsApp channel