China’s A-share “Moutai curse” is coming true

There has long been a rule in A-shares: when a stock’s price rises above Kweichow Moutai, the market is basically at its peak.
The bubble is now clearly obvious. As of now, only two companies have stock prices exceeding Moutai:
Lianxun Instruments 1,650
Yuanjie Technology 1,324
Moutai itself 1,326.
Cambricon 1,190—still above the thousand-yuan level. Previously, once they broke above 1,000 yuan, such as InnoX Networks and MoXee Technology, have already fallen back.
A stock trading above Moutai’s price usually means there’s a bubble. Once the bubble bursts, the stock price will return to where it should be.