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China’s E-Cig Stocks Slump on Plans to Tighten Regulations

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China’s electronic-cigarette stocks plunged after the government said regulations for the tobacco industry may also be applied to the sector.

Smoore International Holdings Ltd, which produces vaping devices, sank as much as 39% in Hong Kong trading, while China Boton Group Co. slumped as much as 40%. RLX Technology Inc.’s ADRs plunged 48% on Monday to close at a record low. China Tobacco International, the global unit of state monopoly China National Tobacco -- the world’s biggest maker of cigarettes -- rose as much as 24% Tuesday.