Kweichow Moutai stock nears 52-week low after nine-day slide — what traders watch next
Kweichow Moutai’s Shanghai shares closed Friday at 1,337 yuan, down 0.23% and just above a 52-week low, marking a ninth straight session of losses. The stock has fallen about 6% since January 12 amid rising turnover. Investors are watching for signs of Lunar New Year demand as the company faces pressure in China’s high-end liquor market.