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Following is a summary of current odd news briefs.
Moutai shares lead alcohol tumble after China bans spirits
from army feasts
HONG KONG (Reuters) – 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 percent in Shanghai at 9.07 p.m. ET,
unwinding modest December gains.
