Liquor maker Kweichow Moutai became the first Chinese stock to touch the milestone of Rmb1,000 ($145) as the world's largest distiller by market capitalisation continued its march higher.
Kweichow Moutai shares touched a record high of Rmb1,001 in morning trading on Thursday, before pulling back at the lunch break to be 1.8 per cent higher at Rmb997.32.
Shares in Kweichow Moutai, which makes a premium version of the grain liquor known as baijiu, have risen by almost 70 per cent in 2019, against a 27 per cent gain for the CSI 300 index. Kweichow Moutai overtook Diageo to become the largest liquor group by market cap in 2017.
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