Electronics Stocks Surge as E-Cigarette Concept Gains Momentum

Aug.30.2022
Electronics Stocks Surge as E-Cigarette Concept Gains Momentum
Electronic cigarette concept stocks rise as first batch of standardized products arrive at a Shenzhen store.

Currently, e-cigarette stocks are fluctuating but showing strength, with Penghui Energy and Dafu Technology rising more than 15%, Jinjia Shares rising nearly 7%, and Tianyin Holdings and Yiya Tong following suit.


According to a report from Beijing Daily on the 29th, the first batch of national-standard electronic cigarette products issued by the Shenzhen Tobacco Monopoly Bureau arrived at an electronic cigarette specialty store in Futian District, and the store subsequently sold brands like Yooz. This also became the first nationwide sale of national-standard electronic cigarette products.


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South Korea's Ministry of Gender Equality and Family said on September 14 that it plans to designate unmanned e-cigarette stores as businesses where minors are prohibited from entering or working. Operators would be required to verify customers' ages and display notices restricting access by minors. The proposal is open for public comment through October 6. The move follows an April expansion of South Korea's statutory tobacco definition that brought products made with natural or synthetic nicotine under the Tobacco Business Act. Nicotine-free liquids and products using nicotine analogues such as 6-methylnicotine, however, remain an emerging regulatory issue.
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