China Crackdown Angst Spreads to Vice Stocks After Media Reports
- Market reaction much been milder than education stock rout
- Investors on guard for next target of harsher oversight
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China’s liquor and e-cigarette stocks dipped Thursday as skittish investors seized on a series of reports from state media that could foreshadow the next targets for stricter regulation.
While the moves were mild compared to the recent routs in digital gaming and private education stocks, the gyrations underscore the policy risks running through markets.