Moutai Shares Surge After It Hikes Price of Flagship Liquor

Shares of Kweichow Moutai Co. rose the most in about two months after China’s top liquor maker announced a price increase for its flagship Feitian Moutai spirit, in a move that could bolster its earnings prospects.

The stock was up as much as 4.2% in Hong Kong trading, the biggest intraday gain since Jan. 29.