Baidu's HK shares drop on absence in China Xi-business execs meeting

China Feihe

17/02/2025 06:36

** Baidu's Hong Kong-listed shares  9888.HK  drop 8.8%, set
for worst day since October 2024 and snapping three-day rally
    ** Stock is the top loser on Hang Seng Index  .HSI , which
slips 0.7%
    ** Baidu and Bytedance did not attend a symposium meeting
with China President Xi Jinping that other business leaders
attended
    ** However, stocks of companies whose founders/executives
attended were mixed
    ** Xiaomi  1810.HK , CATL  300750.SZ , Meituan  3690.HK ,
Alibaba  9988.HK , and BYD  1211.HK  slip 0.5% to 4%
    ** Will Semiconductor  603501.SS , China Feihe  6186.HK  and
Tencent  0700.HK  rise 0.3% to 3.9% 
    ** Hang Seng China Enterprises Index  .HSCE  slips 0.4% and
Hang Seng Tech Index  .HSTECH  falls 0.9%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))