Cigarette makers' stocks plunge on news that US may curb nicotine

Menthol cigareetes are also facing a possible ban

The industry has been anticipating a decision about nicotine levels in cigarettes for years.

Tobacco stocks plunged following a report that the US government is considering a rule that would lower the nicotine content of cigarettes to a level that’s not addictive.

Marlboro producer Altria Group Inc lost almost $6bn in market value yesterday, while British American Tobacco Plc dropped as much as 6.6% in London this morning.