Alcoholic beverage stocks slide in Asia on US cancer warning

Quick Summary:

Shares of Asian liquor and beer makers declined after the US Surgeon General outlined a direct link between alcohol consumption and heightened cancer risk, and called for warning labels.

The company’s shares have nearly quadrupled since the end of 2020.

The decline in stocks may be short-lived, however, because any regulation changes could take years to come into effect, he added.

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Article Details

Author / Journalist: Kurt Schussler & Alice French | Bloomberg

Category: BusinessStartups

Markets: PhilippinesAustraliaChinaHong KongJapan

Topics: General Percent Cancer Alcohol Risk Labels Surgeon Sapporo Warning Years Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 11:33:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24915371

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 10 hours ago

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