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Alcohol stocks fall in Asia after US cancer warning

Shares of Asian liquor and beer companies dropped after the US Surgeon General highlighted a direct link between alcohol consumption and increased cancer risk, calling for warning labels. Sapporo Holdings Ltd. saw a 5.1% drop in Tokyo, its biggest decline in five months, according to Bloomberg. China’s Wuliangye Yibin Co. fell 3.7%, Budweiser Brewing Company […]