CTBAIDU@EC2606B

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

01024

00700

06862

03690

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09888

09696

02015

00020

As of noon, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index approaching the 24,993-point mark and the Hang Seng Tech Index returning above 4,811 points. Market sentiment is relatively stable, with heavyweight and tech stocks resonating upward. In terms of sectors, the restaurant and retail industries performed strongly, with Haidilao leading the midday gains at 6.47%, and core assets such as Meituan and BYD leading in trading volume. Investors are closely monitoring macroeconomic data and performance guidance from core sectors, with overall market trading remaining active

- As of March 27, 2026, Hong Kong’s stock market indices showed positive movement, with the Hang Seng Index at 24,993.64, up 0.55%.  
- Notable performances included Haidilao, which rose 6.47%, reflecting recovering demand in the restaurant sector, while macroeconomic indicators are drawing investor focus.  
- The trading volume highlighted major players, including Meituan and Tencent, with respective figures of 62.41 billion HKD and 59.09 billion HKD amid mixed sector performance.

Market Heartbeat

KUAISHOU-W

TENCENT

HAIDILAO

MEITUAN

JD-SW

BEONE MEDICINES

BIDU-SW

TIANQI LITHIUM

LI AUTO-W

SENSETIME-W

Hong Kong Stock Midday Review | Hang Seng Index Approaches 25,000 Points, Strong Performance in Dining Retail with Haidilao Up 6.47%

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BIDU

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XPEV

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KBAB

BABX

The NASDAQ Golden Dragon China Index closed down 2.6% in preliminary trading. Among popular Chinese stocks, PONY-W saw the biggest drop, closing down 15% preliminarily; NOAH HOLDINGS fell 13.3%; GDS-SW and XPENG both dropped 6.6%; Baidu fell 5%; NIO fell 4.1%; Alibaba fell 3.5%; BYD fell 3.1%; YUM China, Meituan, LI AUTO, and Netease fell at least over 2.6%. Atour rose 0.1%, BOSS ZHIPIN rose 1.4%, Huazhu and WERIDE both rose 1.7%

Wallstreetcn

NASDAQ Golden Dragon China Index

Baidu

PONY-W

Meituan

Alibaba

Noah

BOSS ZHIPIN-W

NIO-SW

XPENG-W

BYD Company

BYD COMPANY

WERIDE-W

YUM China

XPeng

BYD Company Limited

YUM CHINA

GDS-SW

NOAH HOLDINGS

BABA-W

Direxion FTSE China Bull 3X

KraneShares 2x Long BABA Daily ETF

Roundhill China Dragons ETF

BABA 2x Long Daily ETF - GraniteShares

Invesco Golden Dragon China

Krne Csi China Internet

512380

Baidu Inc (NASDAQ:BIDU) shares fell 3.29% to $111.80 in Thursday's premarket trading, reflecting a broader decline in Chinese tech stocks amid geopolitical tensions in the Middle East and rising oil prices. The U.S.-Iran conflict has heightened risk-off sentiment, leading investors to seek safe-haven assets. Major Chinese indices, including the Shanghai Composite and Hong Kong's Hang Seng, also experienced losses. Baidu is currently trading below its 20-day and 100-day simple moving averages, indicating a downward trend, with key resistance at $128.00 and support at $108.00.

- Baidu Inc shares are experiencing a decline during Thursday's premarket, reflecting a broader sell-off in Chinese technology stocks amid geopolitical uncertainty.  
- The U.S.-Iran conflict has heightened risk-off sentiment, causing significant declines in major Asian indices, including a 1.09% drop in the Shanghai Composite Index.  
- Baidu is currently trading 7.2% below its 20-day simple moving average, with shares down 3.29% at $111.80 during premarket trading.

benzinga_article

Yinhua MSCI China A ETF

Why Is Baidu Stock Sliding On Thursday?

Baidu (NASDAQ:BIDU) has outperformed the market by 12.12% annually over the past 20 years, yielding an average return of 20.56%. With a current market cap of $40.54 billion, a $1000 investment in BIDU 20 years ago would now be worth $41,234.17, based on the current price of $115.60. This highlights the significant impact of compounded returns on investment growth over time.

- Baidu (NASDAQ:BIDU) has outperformed the market by 12.12% annually over the past 20 years, achieving an average annual return of 20.56% and a market capitalization of $40.54 billion.  
- An investment of $1000 in BIDU stock 20 years ago would now be valued at $41,234.17 at the current price of $115.60.  
- The key insight highlights the significant impact that compounded returns can have on cash growth over time.

Here's How Much You Would Have Made Owning Baidu Stock In The Last 20 Years

The Nasdaq Golden Dragon China Index was initially up 1.8%. Among popular Chinese concept stocks, Baozun Inc. rose 15.5%, Meituan rose 13.8%, JD.com rose 8.3%, CSI Solar rose 7.8%, Kingsoft Cloud rose 6.5%, PDD Holdings rose 4.5%, Alibaba rose 3.6%, Baidu rose 2.8%, and New Oriental and Xiaomi rose over 2%. In terms of ETFs, CQQQ rose 3.3%, KWEB rose 2.9%, and ASHS rose 2.6%

JD.com

NEW ORIENTAL-S

Baozun

CSI Solar

Global X E-commerce ETF

KraneShares 2x Long JD Daily ETF

Xtrk Hrvt Csi 500 Chn A S-Cp

ProShares Online Retail

Amplify Online Retail ETF

GraniteShares 2x Long PDD Daily ETF

Baidu Vice President Shen Dou stated at the Boao Forum for Asia that embodied intelligence faces bottlenecks in ontology, data, and models, but China has a complete supply chain, an engineer dividend, and cost control capabilities. In the future, costs are expected to decrease significantly, and embodied intelligence is likely to become a standard industrial product. Additionally, the cost of robots may be billed on a per Token basis in the future

AASTOCKS

Baidu Vice President: The cost of embodied intelligence will significantly decrease, and it may be billed in tokens in the future

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The government announced today the appointment of four new members to the Chief Executive's Advisory Group, with terms starting from April 1 this year until June 30 next year. The new members include Sun Piaoyang, Chairman of Hengrui Pharma, Xu Tao, Founder of Sai Feng Technology, Zhang Wen, Founder of BIREN TECH, and Li Yanhong, Co-founder of Baidu. Chief Executive John Lee stated that the advisory group has provided valuable advice for Hong Kong's strategic development since its establishment, and looks forward to the new members' expertise in hard technology and life sciences to help enhance Hong Kong's international competitiveness and integrate into the national development framework

BIREN TECH

HENGRUI PHARMA

Hengrui Pharma

The government appointed four new members to the Chief Executive's advisory group, including the chairpersons of Hengrui Pharma, BIREN TECH, and Baidu

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UBS released a report, based on fundamental analysis, listing the most popular Chinese stock simulation portfolio, all rated as "Buy." Recommended stocks include JD.com, Baidu, CATL, FUYAO GLASS, Huatai Securities, Zijin Mining, NAURA, TENCENT, YTCO, GDS Holdings, Shengyi Technology, and DEC.LTD, with target prices of HKD 187, HKD 175, RMB 500, HKD 93, RMB 30.49, HKD 63.5, RMB 570, HKD 780, RMB 40, USD 62, RMB 85, and HKD 68, respectively

ZIJIN MINING

NAURA

JD HEALTH

FUYAO GLASS

CATL

YTCO

DEC.LTD

Zijin Mining

iShares MSCI China

Guotai MSCI China A ESG General ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

UBS lists a favorite simulated portfolio of Chinese stocks (table)

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On March 24th, Hong Kong stocks strengthened during the session, with the Hang Seng Index rising by 2.19% and the Hang Seng TECH Index increasing by 1.67%. The internet content and retail sectors performed actively, with heavyweight leaders such as Tencent Holdings and Alibaba driving the market higher. Although there is still pressure at high levels, the bullish momentum continues, with Tencent and Alibaba leading the trading volume

- On March 24, Hong Kong's major stock indices rose amidst a positive sentiment, with the Hang Seng Index gaining 2.19% to 24,915.76 points.  
- The market witnessed upward movements in the internet content and retail sectors, while oil and gas exploration stocks generally declined due to weaker international oil prices.  
- Investors remain cautious despite gains, focusing on Hong Kong's export performance, retail sales data, and currency fluctuations.

MNSO

WUXI XDC

WANGUO GOLD GP

TINGYI

CNOOC

E Fund CSI HK Connect Internet ETF

Tencent Holdings Limited

SPDR S&P Retail ETF

Tencent

CSOP HS TECH

Hang Seng TECH Index

VanEck Retail ETF

Hwabao CSI HK Equities Internet ETF

Emerging Markets Internet ETF

Hang Seng Index

Hong Kong stock market intraday | Hang Seng Index rises 2.19% to return to 24,900 points, with internet retail leading the gains

Deepexi Technology Co. Ltd. reported a 70% revenue growth last year, driven by its FastAGI product, but growth has slowed significantly in the second half. The company's stock has been volatile since its IPO, reflecting investor uncertainty in the AI agent market. Deepexi's market cap has dropped from HK$4.5 billion to HK$1.53 billion, with a high P/S ratio of 29 compared to competitors like Alibaba and Baidu. The AI agent market in China is expected to grow rapidly, with Deepexi focusing on enterprise solutions for data organization and analysis.

- Deepexi reported a 70% revenue growth last year, fueled by its FastAGI product, but faced a drastic slowdown in growth rate by the second half of the year.  
- The company’s volatile stock performance and challenges in valuation reflect investor uncertainty in the emerging AI agent sector.  
- As Deepexi navigates rapid changes in the AI market, it may need to consider acquisition by larger firms to ensure stability and future growth.

The Next Manus? Deepexi Navigates Tough AI Agent Market

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03993

STECH

The Hang Seng Index opened down 1.93%, and the Hang Seng TECH Index fell 1.90%. China Hongqiao dropped over 8%, Zijin Mining fell over 5%, and CMOC and Baidu declined over 4%. Market risk warning, investment should be cautious, this article does not constitute personal investment advice, users need to assess investment risks on their own

华尔街见闻资讯

CMOC

The Hang Seng Index opened down 1.93%, and the Hang Seng TECH Index fell 1.90%

In today’s pre-mkt summary for subscribers: Stocks were flat as they headed for a third straight weekly drop as investors weigh US and Israel efforts to ease concerns over the Iran war, now entering its fourth week. The Strait of Hormuz remains effectively closed and Brent crude +55% since the conflict began. 10-year TYs rose, and gold, silver, and bitcoin all edged higher. $Tesla(TSLA.US) recovered +1% after falling -3% yesterday on a report that NHTSA had moved a key step closer to recalling FSD over safety issues when operated during poor road visibility conditions. We continue to expect equities to reclaim new highs once the conflict ends, oil prices retreat, and slower employment growth boosts odds of a Fed rate cut later this year, with 2026 S&amp;P 500 earnings projected at $310 (+12% YoY) implying a 21.3x P/E = 4.7% earnings yield in line with historic non-recessionary spreads vs 10yr TYs. We remain cautious on $Tesla(TSLA.US) with no position as 2026-2030 earnings estimates decline, as other players ( $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Amazon(AMZN.US), etc.) scale unsupervised autonomy rapidly, and given its extended valuation (~200x 2026 P/E vs +40% LT growth, 5x PEG).

Tesla

Alphabet - C

Amazon

BIDU ADR US

BIDU-SWR

Alphabet

Baidu HK SDR 10to1

In today’s pre-mkt summary for Subscribers: Stocks were little changed as Brent crude surged to $116/bbl amid escalating Middle East attacks threatening long-term damage to key oil &amp; gas facilities in the Persian Gulf. The Fed held rates steady, again projecting only one 2026 rate cut while raising its 2026 core &amp; headline inflation forecasts to 2.7%. 10-year TYs rose to 4.28%, gold and silver fell and bitcoin retreated. $Tesla(TSLA.US) slipped as debate raged online about whether FSD was the cause of a Cybertruck crash $Micron Tech(MU.US) -5.0% to $438 despite blowout 2Q results &amp; strong 3Q guide as fears mount that memory-chip demand may have peaked. The 20-day conflict shows no signs of abating, with the Strait of Hormuz near standstill, Brent +66% since hostilities began, and world powers rejecting Trump’s call for naval escorts. We see equities eventually reclaiming new highs once the war ends, oil retreats, and slower jobs growth prompts faster Fed cuts, but remain cautious on $Tesla(TSLA.US) given declining 2026-2030 estimates and accelerating competition in unsupervised autonomy from $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Amazon(AMZN.US) and others (no position).

Micron Tech

☁️ Team Cloud here! Alibaba's cloud segment growing 35% is no joke — especially with AI demand exploding in China. The 380B CapEx plan shows they're serious about competing with Tencent and Baidu in the AI space. E-commerce might be slowing, but cloud margins are way better long term. Already holding some, might add more if price dips after earnings.

🚀 Alibaba Earnings Tonight — Cast Your Vote &amp; Earn Rewards! Some say cloud + AI is the new growth engine — 35% growth expected, finally paying off. Others think e-commerce still the bread and butter — but CMR growth slowing to 1-3%, can it hold? And some are watching the cash burn — instant retail losing another 20B, worth it or not? So what actually moves the needle for BABA this time?👇 Drop your vote below! 🎁 Vote, Share &amp; Earn Rewards 🗳️ Participation Reward — Just vote, get 100 Task Coins 💬 Insight Reward — Share this post + 30+ words view → 288 Task Coins 🏆 Top 3 Insights — Best quality picks (platform selection) → Extra SGD 3 Cash Voucher each ⏰ Deadline: 20 Mar 2026, 11:59 PM (SGT)Rewards will be issued within 5-7 working days. $Alibaba(BABA.US)$BABA-W(09988.HK)$BABA-WR(89988.HK)

BABA-WR

Alibaba HK SDR 5to1

☁️ Cloud + AI on fire — this is the real story

📦 E-commerce slowing — can the core hold?

🔥 Instant retail bleeding — worth the bet?

💰 Chip spin-off + 380B CapEx — long-term play

👀 Just here to see the chaos

What's the biggest focus for Alibaba this earnings?

TENCENT-R

Tencent HK SDR 10to1

Color Star Tech

In today’s pre-mkt summary for Subscribers: Stocks dropped as fresh attacks on more oil tankers in Iraqi waters escalated the Middle East conflict, pushing Brent crude back above $95/bbl despite the IEA's unanimous decision to release a record 400 million barrels from emergency stockpiles (largest ever, including 172M from U.S. SPR). 10-year yields slipped, gold and silver edged higher, and #btc eased. Adding to uncertainty: more institutions capped withdrawals from private credit funds amid heavy redemption requests. All eyes are on next week's Fed meeting (Mar 17-18), where the federal funds rate is likely to be left unchanged while a new dot plot and economic projections could reflect higher oil's potential drag on cuts despite softer Feb payrolls. I believe equities will reclaim record highs once the conflict resolves, oil retreats, and slowing jobs growth prompts further Fed easing later this year. 2026 S&amp;P 500 EPS forecasts at $310 imply a reasonable 21.8x P/E = 4.6% earnings yield, ~40bp premium to 10y Treasuries, in line with non-recession norms. I remain cautious on $Tesla(TSLA.US) given declining 2026-2030 estimates and accelerating competition in unsupervised autonomy from $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Amazon(AMZN.US), and others, plus $NVIDIA(NVDA.US) opening its AI autonomy stack to OEMs in 2026.

Today’s Key News Recap

0312 | Dolphin Research Watchlist.🐬 Macro/Industry 1) The U.S. will release Feb CPI at 20:30 Beijing time on Wed, a key input for the Fed's rate-cut path. Recent Middle East tensions have lifted oil prices, increasing uncertainty around the print.An upside surprise could push back cut expectations and weigh on growth stocks. In-line or softer readings would be supportive of risk assets.🐬 Single Stock 1) $Meta Platforms(META.US) Meta announced the acquisition of AI agent community Moltbook. It is known in the industry as the 'Lobster Community'...

Apple

Apple Group

ETFS Capital Ltd.

Gold.com

NIO Inc. USD OV

NIO Inc

Li Auto

Meta Platforms

LAOPU GOLD

Laopu Gld HK SDR 50to1

META secures 'Shrimp Pool' Moltbook; Laopu Gold issues a positive profit alert on strong earnings | Daily News Recap

In today’s pre-mkt summary for Subscribers: Stocks fell but pared losses after reports of potential G7 coordinated strategic petroleum reserve releases, last done in 2022 during the Russia-Ukraine oil crisis. Brent crude surged to $105/bbl amid the escalating Middle East conflict and effective Strait of Hormuz closure, driving a sharp risk-off sentiment with the VIX spiking to 32. 10y yields rose while gold and silver fell modestly. Tomorrow’s Feb CPI print (pre-conflict data) will be overshadowed by next week’s FOMC meeting and updated dot plot, as investors increasingly fear stagflation from sustained high oil prices amid slowing job growth. We view the current oil shock as akin to the temporary 2022 Russia-Ukraine spike rather than a lasting supply disruption. We expect equities to reclaim new highs once the conflict de-escalates, oil retreats, and Fed rate-cut odds rise. We remain cautious on $Tesla(TSLA.US) given declining 2026-2030 estimates, extended valuation (~200x 2026 P/E), and increasing competition in unsupervised autonomy from $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Amazon(AMZN.US), and others already scaling paid rides without safety monitors.

In today’s pre-mkt summary for Subscribers: Risk-off sentiment intensified as escalating Middle East conflict halted tanker traffic through the Strait of Hormuz, driving Brent crude +8.3% to $79/bbl and pushing 10-year Treasury yields to 3.97%. Safe-haven buying lifted precious medals while long-duration equities were hit hardest. We view the volatility as temporary; once the conflict de-escalates, oil prices will retreat, and softer Feb employment data on Friday could bolster Fed rate-cut expectations. This should allow equities to reclaim new highs supported by solid 2026 S&amp;P 500 earnings growth of +12% YoY to $310, implying a reasonable 22.2x forward P/E and 4.5% earnings yield vs sub-4.0% 10-year TYs. We remain cautious on $Tesla(TSLA.US) (no position) given declining long-term EPS estimates, rapid democratization of unsupervised autonomy by competitors ( $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $Amazon(AMZN.US), others already at 850K paid unsupervised autonomous rides/week), and a stretched valuation (2026 P/E ~200x vs +40% forward EPS growth = 5x PEG, avg Mag 7 PEG 2x).

Mag Silver

Conference Minutes

Below is Dolphin Research's compiled transcript of $Baidu(BIDU.US) FY25 Q4 earnings call. For our analysis, see 'BIDU: Buybacks set a floor, but the comeback still hinges on the narrative.'I. Key financials recap. Core AI business metrics (Q4 2025) include:Baidu General Business revenue: RMB 26.1bn. Core AI-powered Business revenue: over RMB 11.0bn...

Grocery Outlet

Uber Tech

BIDU (Trans): Focus on shareholder returns, stronger mgmt. execution

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Financial Analysis

$Baidu(BIDU.US) released Q4 results after the HK close on Feb 26, 2026, and the print was lackluster. That said, with a prolonged pullback already priced in, buybacks and dividends providing a floor, and year-ahead narratives such as Kunlun Chip's IPO and potential Stock Connect inclusion, the market is unlikely to impose a sustained penalty.This quarter the company adopted a new reporting structure, splitting into AI and legacy businesses. The AI segment includes AI infrastructure, AI applications, and AI-native marketing, while most institutions are still modeling estimates under the prior framework...

iQIYI

ByteDance

BIDU: Ad Engine Falters; Is Kunlunxin the Lifeline?

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$Baidu(BIDU.US) (-2.7% pre-mkt): 4Q results generally met/beat expectations although MAUs light (only 2 ests). As usual, no forward guidance included in release. Conf call 7:30am ET. 4Q RESULTS- Revs 32.74B yuan, -4.1% y/y, vs 32.66B yuan est. - Rev from iQIYI (Netflix of China) 6.79B yuan vs 6.76B est.- Adj profit per ADR 10.62 yuan vs. 9.40 yuan est.- Adj Ebitda 4.73B yuan, -32% y/y, vs 4.67B yuan est.- Monthly active users 679M, estimate 703M est (2 ests).COMMENTARY AND CONTEXT- Portfolio of AI Applications continues to scale - Accelerating International Expansion Into New Markets- Confident in ability to create lasting value in AI- Kunlunxin spin-off separate listing is progressing - Apollo Go, Baidu's autonomous ride-hailing service, reported weekly rides of over 300K during the quarter (Waymo 400K per week, TSLA &lt;100 per week). Total rides increased by 200% year over year. As of Feb 2026, cumulative rides provided to the public by Apollo Go exceeded 20 million. Entered the South Korean Market and expanded to several European markets.- Revenue from Baidu Core AI-powered Business exceeded 11B yuan in Q4, accounting for 34% of Baidu revs

CTBAIDU@EC2606B(26569.HK)

CTBAIDU@EC2606B Stock Performance Chart

Hong Kong Stock Midday Review | Hang Seng Index Approaches 25,000 Points, Strong Performance in Dining Retail with Haidilao Up 6.47%

Why Is Baidu Stock Sliding On Thursday?

Here's How Much You Would Have Made Owning Baidu Stock In The Last 20 Years