Chinese distiller Kweichow Moutai is experiencing a significant price drop, raising market concerns. The company's stock fell by 1% on Thursday, extending its weekly decline to over 10%. Since the start of June, wholesale prices have been cut by approximately 3%, and retail demand during the 3-day Dragon Boat Festival holiday was reportedly weak. On Friday, the reference price of a single bottle fell by over 9% in one day, and the share price extended to a 2% decline. Kweichow Moutai, known for its social currency attribute in Chinese society, is facing an unusual downturn during the 618 shopping festival.
Wholesale prices of Kweichou #Moutai continue to fall on Friday. The reference price of a single bottle of MouTai falls over 9% in one day, according to a liquor information platform. The share price of the brand extends to 2%. #China https://t.co/g7UrBozmsH
Wholesale prices of Kweichou #Moutai keep falling on Friday, according to a liquor information platform. The share price of the brand extends to 2%. #China https://t.co/g7UrBozmsH
Kweichow Moutai has reportedly cut wholesale prices by ~3% since the start of June Retail demand during the 3-day Dragon Boat Festival holiday was also reportedly weak $RCO https://t.co/wxAyTybNuo https://t.co/Xek92nGQEE
Yicai - Chinese Distiller Kweichow Moutai's Price Drop Sparks Market Concerns https://t.co/YEvXSjmHfw blip or start of something more?
Kweichou Moutai, #China's top liquor brand, fell 1% on Thursday, extending its weekly decline to more than 10%. #CN_Note In Chinese society, #Moutai has a social currency attribute, serving as a hard currency, which has kept its price steadily rising. However, during the 618… https://t.co/knISrJKkGF
Chinese Distiller Kweichow Moutai's Price Drop Sparks Market Concerns @MoutaiGlobal https://t.co/AAx0cJx3y9