UB#BAIDURC2701B

Baidu App Integrates OpenClaw 2, Over 20% of Users Utilize for Investment and Financial Analysis

Baidu Wenxin Assistant Monthly Active Users Reach 360 Million

Over 20% of Baidu App Users Use OpenClaw for Investment and Finance

Hainan Provincial Government Deepens Strategic Cooperation with Baidu

Macquarie downgrades Baidu's target price to $177

Baidu and WeRide suspend autonomous taxi operations in UAE and partner with Uber

GF Securities Maintains 'Buy' Rating For Baidu, Sets Target Price at HKD173

DAHUA INSIGHTS RAISES BIDU'S EPS FORECAST AND MAINTAINS BUY RATING

Nomura Raises Baidu's Target Price to $175, Maintains Buy Rating

Baidu's Apollo Go Suspends Operations in Dubai Amid Middle East Geopolitical Tensions

Baidu Undertakes Significant Asset Impairment to Clear Inefficient Assets and Embrace AI Future

Baidu reports Q4 profit recovery, AI business as main driver

JPMorgan Analyst Reiterates Buy Rating on Baidu with $200 Target Price

CIBC Maintains Buy Rating on Baidu with Target Price of $172

DBS analyst maintains buy rating on Baidu

Citi Predicts Baidu's AI Revenue Growth in 2026 and Raises ADR Target Price

Citi Raises Baidu's US Target Price to $188

Baidu's Apollo Go Self-Driving Ride Service Expands to South Korea Globally

Baidu Reveals Growth in Digital Human Live Streaming and AI Cloud Business in Q4 2025 Call

Baidu's CEO Robin Li Emphasizes Kunlun Chip Potential and Launches New AI Chips

NE ELECTRIC

AUTOSTREETS

JINGCHENG MAC

SANBASE CORP

SH GROUP HLDG

XI2CSOPSMSN

WINSHINE SCI

BOER POWER

IMPERIUM TEC GP

00700

01024

09888

688981

00883

As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

Market Heartbeat

TENCENT

KUAISHOU-W

BIDU-SW

GIGADEVICE

SMIC

HUA HONG SEMI

CHINA MOBILE

CHINA TELECOM

CHINA UNICOM

CNOOC

XIAOMI-W

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

512760

BIDU

Daiwa's research report indicates that Baidu Kunlun Chip's IPO valuation is higher than its peers due to its large revenue scale and strong profitability. Major clients of Kunlun Chip include Tencent, and the management has ensured sufficient chip supply to support future development. The report believes that Baidu's AI business will continue to grow strongly, and the expansion of Apollo Go into international markets will improve profitability. Daiwa reiterates its "Buy" rating on Baidu, with a target price of 175 yuan, and maintains its earnings forecast

AASTOCKS

Guotai CES Semiconductor Chip Industry ETF

Baidu

SPDR S&P Semicon

VanEck Semiconductor ETF

ChinaAMC Guozheng Semiconductor Chip ETF

iShares Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Direxion Semicon Bull 3X

Invesco Semiconductors ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

China Southern CSI Semiconductor Industry Custom ETF

Daiwa expects Baidu Kunlun Chip IPO valuation to be higher than peers as AI business momentum continues

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The three major indices of the Hong Kong stock market weakened during the session, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, the Hang Seng TECH Index dropping about 1.34%, and the Hang Seng China Enterprises Index declining around 1.73%. In terms of sectors, retailers, internet content and information, as well as oil and gas exploration and production generally declined. Among the leading stocks, Alibaba -W fell 3.49%, JD.com -SW dropped 3.14%; Tencent Holdings decreased 0.88%, Kuaishou -W fell 2.16%, and Baidu -SW declined 1.79%; in the oil and gas sector, China National Offshore Oil Corporation fell 2.46%, United Energy Group dropped 5.68%, and CNOOC (China National Offshore Oil Corporation) fell 35.96%

- On March 4, the Hong Kong stock market experienced a decline, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, indicating a pause in upward momentum.  
- Major sectors like retail have shown downward trends due to performance pressures, while the macroeconomic focus remains on variables such as U.S. Federal Reserve rate cut expectations and local economic indicators.  
- Notable stocks include Alibaba, which dropped 3.49%, and Tencent, which fell 1.57%, amidst cautious investor sentiment and uncertainties in their operational management.

BABA-W

JD-SW

MNSO

UNITEDENERGY GP

CHK OIL

YOFC

Hang Seng TECH Index

Hang Seng China Enterprises Index

Hang Seng Index

TRACKER FUND

HSTECH ETF

CSOP HS TECH

HSCEI ETF

Hong Kong stock market intraday | The Hang Seng Index fell by about 2.10%, technology and oil & gas sectors weakened, Alibaba -W dropped by 3.49%

JP Morgan's report indicates that Baidu's stock prices in the US and H shares are expected to rise approximately 85% and 89% respectively from August 2025 to mid-January 2026. Since January 22, 2026, Baidu's stock price has corrected by 24% and 22%, mainly due to a shift in capital style towards other AI companies. JP Morgan believes this correction has created an investment opportunity, with Kunlun Core's long-term profit potential being higher, valued at $40 billion to $49 billion. JP Morgan recommends buying Baidu during weak stock prices, setting a target price of $200 for US shares and HKD 195 for Hong Kong shares, with a rating of "Overweight."

"Big Banks" JP Morgan: Baidu's pullback creates opportunities, Kunlun Core's fundamentals remain unchanged

BABX

09868

STECH

00981

XPEV

XPeng fell nearly 3%, while Alibaba, SMIC, Baidu Group, and others fell over 2%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at one's own risk

Wallstreetcn

BABA 2x Long Daily ETF - GraniteShares

XPENG-W

XPeng

The Hang Seng Index opened down 1.16%, and the Hang Seng TECH Index fell 1.24%

Baidu signed a strategic cooperation agreement with the Hainan Provincial Government to launch the construction of the "Carrot Fast Run" autonomous driving international center, leveraging the advantages of Hainan's free trade port policies to explore cross-border data flow mechanisms for intelligent connected vehicles. Both parties will promote the large-scale testing and demonstration of intelligent connected vehicles, build intelligent computing power infrastructure, utilize AI technology to facilitate industrial upgrading, and establish a new digital economy system in Hainan

Baidu's "Carrot Run" self-driving internationalization center established in Hainan

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The Nasdaq Golden Dragon China Index initially fell by 3.3%. Among popular Chinese concept stocks, Kingsoft Cloud dropped by 8.3%, Jinko Solar fell by 8%, PONY-W decreased by 7.5%, XPeng declined by 6.7%, Xiaomi fell by 5.2%, Alibaba dropped by 4.9%, BYD Company Limited decreased by 4.3%, Baidu fell by 3.9%, and New Oriental EDU & Tech dropped by 3.8%. NetEase and Trip.com-S rose slightly by up to 0.4%

Jinko Solar

PONY-W

TRIP.COM-S

KINGSOFT CLOUD

BYD COMPANY

Xiaomi Corporation

Alibaba

New Oriental EDU & Tech

Jinkosolar

BYD Company Limited

Invesco Golden Dragon China

Krne Csi China Internet

NetEase

02883

01033

00568

On March 3rd, the Hong Kong stock market closed at noon with all three major indices retreating. The Hang Seng Index fell by 0.29%, and the Hang Seng Tech Index dropped by 1.02%. Affected by the surge in oil prices due to geopolitical conflicts, the energy equipment and services sector performed strongly, with SHANDONG MOLONG soaring by 58.82% and SINOPEC SSC rising by 32.09%. Technology stocks showed a mixed performance, with Tencent Holdings supported by positive AI news, increasing by 0.68%, while XPeng fell by 3.02%. The overall market exhibited a trend of reduced trading volume and consolidation, with investors focusing on upcoming economic data and changes in the geopolitical situation

- On March 3, Hong Kong's major stock indices experienced a collective decline following a previous day of gains.  
- The Hang Seng Index dropped 0.29%, while the Hang Seng Technology Index fell 1.02%, attributed to profit-taking after recent highs.  
- The energy sector led gains due to rising oil prices from geopolitical tensions, notably with Shandong Molong surging 58.82%, indicating strong interest in low-priced oil service stocks.

LB Select

CHINA OILFIELD

SINOPEC SSC

SHANDONG MOLONG

PETRO-KING

CHINA OIL & GAS

MANY IDEA CLOUD

RUICHANG INTL

AGTECH HOLDINGS

Hong Kong Stock Midday Review | Hang Seng Index down 0.29%, volume contraction and consolidation, oil service sector surges against the trend, SHANDONG MOLONG skyrockets 58.82%

The three major indices of the Hong Kong stock market are showing a narrow range of fluctuations at high levels, with the Hang Seng Index slightly up by 0.14% and the Hang Seng Tech Index slightly down by 0.04%. Due to the escalation of the geopolitical situation in the Middle East, the oil and gas equipment and services sector has surged explosively, becoming the market focus. Among them, Shandong Molong soared by 57.54% due to capital speculation, while Sinopec Oilfield Service followed with a significant increase of 20.9%. In addition, the policy expectations from the Two Sessions are favorable for the internet sector, with Tencent Holdings experiencing a moderate rebound. The market is overall in a consolidation phase, with funds waiting for further directional choices

- The Hong Kong stock market shows a consolidation phase with cautious performance near recent highs, as the Hang Seng Index fluctuates around 26,096.11 points.  
- The energy sector surges due to rising geopolitical tensions, with companies like Shandong Molong rising 57.54%, driven by speculations regarding oil security and equipment demand.  
- Investors remain focused on the macroeconomic liquidity environment and implications of U.S. Federal Reserve policies on local interest rates and retail sales recovery.

ZONQING LTD

Hong Kong Stock Market | The Hang Seng Index rose slightly by 0.14%, the oil and gas equipment sector surged, Shandong Molong soared by 57.54%

Daiwa reiterated its "Buy" rating on Baidu, believing that the spin-off of Kunlun Chip will bring revaluation opportunities. The report pointed out that Baidu's revenue in the fourth quarter of last year met expectations, and earnings exceeded expectations, mainly due to cost control. The implied equity value of Kunlun Chip is already equivalent to half of Baidu's market value and is expected to become a short-term catalyst. Although Baidu's cloud business growth has slowed, subscription revenue from AI high-performance computing facilities increased by 143% year-on-year. The target price was raised from 171 yuan to 175 yuan

Daiwa Securities reiterates "Buy" rating on Baidu, optimistic about the spin-off of Kunlun Chip bringing revaluation opportunities

On March 2nd, Hong Kong stocks closed with all three major indices retreating, with the Hang Seng Tech Index plummeting 2.89% and falling below the 5000-point mark. Market sentiment cooled, with technology and consumer heavyweight stocks experiencing widespread declines; Alibaba fell 4.55%, and Xiaomi Group dropped 5.04%. On the other hand, influenced by geopolitical tensions and soaring oil prices, the oil and gas exploration sector rose against the trend, with CNOOC increasing by 5.61% and CHK OIL soaring by 154.24%. Southbound funds continued to flow in, and the market is focused on subsequent macro data to verify the strength of economic recovery

- On March 2nd, Hong Kong's stock indices experienced a significant decline, with the Hang Seng Index down 2.14% to 26,059.85 points.  
- The energy sector saw a surge, driven by geopolitical tensions, with China National Petroleum jumping 154.24%.  
- In contrast, major retailers and tech stocks faced downward pressure, reflecting increased selling amidst a cautious market sentiment.

YANCHANG PETRO

XIMEI RESOURCES

China Universal CSI Oil & Gas Resources ETF

Hong Kong Stock Market Closing | Hang Seng Index falls below 5000 points, CHK OIL surges 154.24%, oil and gas stocks explode against the trend

On March 2nd, all three major indices of the Hong Kong stock market retreated, with the Hang Seng Index falling 2.01% during the session and the Hang Seng Tech Index dropping 2.63%, approaching the 5000-point mark. Market risk aversion intensified, putting pressure on the technology and retail sectors, with Alibaba down 3.99% and JD.com down 2.97%. Driven by geopolitical tensions leading to rising oil prices, the oil and gas sector surged against the trend, with China National Offshore Oil Corporation rising 4.5% and CHK OIL soaring over 137%. Funds became cautious, focusing on the upcoming macroeconomic data

- On March 2, Hong Kong stocks faced significant pressure, with the Hang Seng Index falling 2.01% to 26,096.5 points amid rising risk aversion.  
- The Hang Seng Technology Index dropped 2.63%, and the Market overall entered a consolidation phase after prior gains, while sectors like retail and internet content also experienced declines.  
- Conversely, the oil and gas exploration sector surged due to geopolitical tensions increasing oil prices, with China National Offshore Oil Corporation rising 4.50%.

ZHIHUI MINING

ZHONGYU ENERGY

Bosera CSI Oil & Gas Resources Index ETF

Yinhua CSI Oil & Gas Resources ETF

Guotai CSI Oil & Gas Industry ETF

Hong Kong stock market intraday | The Hang Seng Index fell 2.01%, technology and retail stocks were under pressure, while the oil and gas sector surged against the trend, with CHK OIL soaring over 137%

GF Securities analyst maintained a Buy rating on Baidu, Inc. Class A yesterday and set a price target of HK$173.00.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on Baidu, Inc. Class A is a Strong Buy with an average price target of HK$183.62.

- GF Securities analyst reaffirmed a Buy rating on Baidu, Inc. Class A and set a price target of HK$173.00.  
- The current analyst consensus on Baidu, Inc. Class A is a Strong Buy, with an average price target of HK$183.62.  
- This analysis reflects positive sentiment towards the company's stock performance.

Tip Ranks

Baidu, Inc. Class A (9888) Gets a Buy from GF Securities

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

Alphabet - C

BIDU-SWR

Alphabet

Baidu HK SDR 10to1

Tesla

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...

BIDU ADR US

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

BIDU 4Q25 First Take: the company adopted a new reporting framework this quarter, splitting results into AI biz. and other legacy biz.; AI includes AI infra, AI apps, and AI-native marketing. As the Street is still setting estimates under the old framework, Dolphin Research restores the prior disclosure for comparison, focusing on BIDU only and excluding iQIYI. Overall, the Q4 print was underwhelming. It was not a strong quarter. However, given the prolonged correction, buybacks providing support, and narratives such as Kunlun Chip’s IPO and potential Stock Connect inclusion later this year, we do not expect sustained penalties. On the top line, results were broadly in line with BBG consensus; overall ads slightly missed, and legacy ads were still down 26%, with the timing and pace of recovery uncertain. Cloud and other slightly beat, with cloud infra relatively strong. On opex, GAAP OP came in below expectations due to approx. RMB 700 mn in severance and some bad-debt provisions. Ex these items, lower D&amp;A and headcount optimization improved efficiency, driving Adj. OP to a modest beat. Looking at BIDU’s AI biz. in isolation, performance across the three pillars was mixed. Details follow: 1) Cloud Infra (cloud + compute): given last year’s high base (projects clustered in a short window), QoQ is more relevant. Q4 grew 35% QoQ, a decent trend. 2) AI Apps (incl. Baidu Wenku, Baidu Cloud Drive, and digital employees): flat QoQ. The cloud drive likely remained a drag. 3) AI-native marketing (agents and digital humans): edged lower QoQ; given industry trends, competition likely weighed. Watch the call for color on seasonality and other objective factors. $Baidu(BIDU.US) $BIDU-SW(09888.HK)

Today’s Key News Recap

0226 | Dolphin Research focus: 🐬 Stock 1, $Alibaba(BABA.US). Alibaba Cloud Bailian launched the 'Coding Plan', integrating APIs for four mainstream models — Qwen3.5, GLM-5, MiniMax M2.5 and Kimi K2.5 — making it the only cloud provider globally to offer this combo.Lite plan is priced at RMB 7.9 for the first month and RMB 40 for the second; Pro plan at RMB 39.9 for the first month and RMB 200 for the second, with free model switching. The aim is to lower AI coding barriers through aggressive pricing and full-stack model coverage...

Salesforce

NVIDIA

Warner Bros. Discovery

Netflix

Boeing

Duolingo

Coreweave

Dell Tech

Paramount Global

BABA-WR

Alibaba HK SDR 5to1

Vipshops

Luckin Coffee

Block

BOEING CO 6% DEP SHS RE 1/20TH PFD MAN CNV SR A

Alibaba Cloud rolls out dirt-cheap AI coding bundle; JD's 'Billion-yuan Supermarket' reignites subsidy rush | Daily News Recap

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In today’s pre-mkt summary for Subscribers: Stocks declined amid uncertainty over new 15% global tariffs following the Supreme Court's invalidation of President Trump’s emergency levies, with added pressures from Trump’s Middle East military buildup against Iran and a severe blizzard impacting the NYC area. Gold and silver advanced and #btc stabilized after dipping below $65K. This is a pivotal week featuring Trump’s State of the Union Tuesday and $NVIDIA(NVDA.US) earnings Wednesday. We maintain our view that equities will go to new highs as cooling inflation and decelerating employment growth boost prospects for faster Fed easing, with money markets pricing two cuts by year-end, with the first likely by July. 2026 S&amp;P 500 EPS growth is projected to grow +12% YoY to $310, which implies a forward P/E of 22.3x. This implies a 4.5% earnings yield, a +40bp premium to 10yr yields, aligning with non-recessionary historical norms. On $Tesla(TSLA.US), the narrative of its unique path to generalized unsupervised autonomy has eroded as $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $WeRide(WRD.US), $Pony AI(PONY.US), and $Amazon(AMZN.US) scale to 750K paid unsupervised autonomous rides weekly without safety monitors, while $NVIDIA(NVDA.US)’s decision to open its AI chips/software stack to other OEMs starting 1H 2026 effectively democratizes unsupervised autonomy.

WeRide

WERIDE-W

In today’s pre-mkt summary for Subscribers: Stocks rose as sentiment improved after yesterday’s volatile session, with traders awaiting today’s release of minutes from the Jan 27-28 Fed meeting for clues in the Fed’s forward rate path. 10yr Treasury yields rose and precious metals recovered. We continue to expect equities to reach new highs as cooling inflation and slowing employment growth raise the odds of earlier Fed rate cuts, with money markets pricing in two cuts by year-end. We see stocks as neither under- or over-valued: 2026 S&amp;P 500 EPS growth of +12% implies a forward P/E of 22.1x (4.5% earnings yield) and a ~50bp premium to 10-year Treasuries, consistent with historical non-recessionary norms. We remain cautious on $Tesla(TSLA.US) as the bull case for TSLA being the only one to solve for general unsupervised autonomy continues to weaken with $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $WeRide(WRD.US), $Pony AI(PONY.US), and $Amazon(AMZN.US) completing 750K paid unsupervised rides per week, and $NVIDIA(NVDA.US) about to offer its full autonomy stack to OEMs starting 1H 2026, which we believe will democratize unsupervised autonomy.

UB#BAIDURC2701B(63219.HK)

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

Daiwa expects Baidu Kunlun Chip IPO valuation to be higher than peers as AI business momentum continues

Hong Kong stock market intraday | The Hang Seng Index fell by about 2.10%, technology and oil & gas sectors weakened, Alibaba -W dropped by 3.49%

"Big Banks" JP Morgan: Baidu's pullback creates opportunities, Kunlun Core's fundamentals remain unchanged

The Hang Seng Index opened down 1.16%, and the Hang Seng TECH Index fell 1.24%