Workers package bottles of liquor at a workshop of Kweichow Moutai in the city of Renhuai in southwest China's Guizhou Province on October 23, 2018. Photo: Xinhua

Moutai is first Chinese stock to close above 1,000 yuan as US-China trade war truce sees traders raising a toast with the baijiu

  • Shares of Kweichow Moutai rose 4.9 per cent on Monday to a record 1,031.86 yuan (US$150.6), becoming the first Chinese stock to close above the 1,000 yuan mark
  • The surge values the Guizhou-based distiller at 1.3 trillion yuan, almost double the capitalisation of Diageo Plc
Topic |   Kweichow Moutai

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Workers package bottles of liquor at a workshop of Kweichow Moutai in the city of Renhuai in southwest China's Guizhou Province on October 23, 2018. Photo: Xinhua
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