STOCKS | Chinese Shaoxing Wine Stocks Hit Limit Up After Open

According to Jin10, Kuaijishan and Guyuelongshan opened sharply higher on September 4 and quickly hit their upper trading limits, while Jinfeng Wine rose quickly and briefly also hit limit up before reopening. By the morning close, Kuaijishan and Guyuelongshan were still locked at limit up, and Jinfeng Wine was up about 7%. The companies said they had not received or found any relevant information and that operations were normal. The three companies are among the few listed firms in China's A-share market that are engaged in Shaoxing wine business, and the last intraday group limit-up move was on May 27 last year.