Kweichow Moutai shares 43% below peak, Nikkei Asia reports

Kweichow Moutai, once China’s most valuable listed company, is now 43% below its share price peak as of today, Nikkei Asia reports. The drop in the baijiu maker’s stock matters because Moutai is a bellwether for Chinese consumer confidence and high-end spending, and it anchors a large share of retail portfolios. Its slide adds pressure to a market already grappling with tepid growth and risk aversion among domestic investors, where sentiment remains fragile despite recent support measures.

The reversal marks a sharp turn for a stock that long symbolized premium-brand resilience, as investors reassess valuations and the outlook for discretionary demand amid uneven post-pandemic recovery signs. Watch for upcoming sales trends, company commentary, holiday demand indicators, and any policy signals that could steady Chinese consumer shares. [Developing. This article will be updated.]