Behind the surge of all stocks in the white liquor sector.

On January 29, 2026, the A-share baijiu sector experienced a rare surge, with a single-day increase that refreshed a record of nearly 16 months, becoming the focus of market attention. On that day, the CSI Baijiu Index saw a single-day increase of 9.79%, with the liquor ETF (512690) rising to its limit, and nearly 20 baijiu stocks closing at their upper limits, including major companies such as Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, Yanghe Shares, and Shedijiu, while industry leader Guizhou Moutai surged 8.61%, with trading volume exceeding 26 billion yuan. This unexpected market situation is the result of multiple factors resonating together, reflecting both the concentrated release of market sentiment and the positive changes in the industry's fundamentals. The primary inducement for this collective surge is the continuous rebound in the price of Feitian Moutai, the price benchmark of the baijiu industry. As the "magic needle" of the industry, the steady increase in Moutai ...