Stock Track | Baidu Stock Soars 5.03% Amid Broader Rally in Chinese ADRs

Stock Track01-31

Baidu Inc.'s stock surged 5.03% in pre-market trading on Thursday, joining a broader rally in Chinese American Depositary Receipts (ADRs) and exchange-traded funds (ETFs).

The rally was fueled by investor optimism surrounding Chinese companies listed on U.S. exchanges. Shares of other prominent Chinese firms like iQiyi (IQ), which jumped 8%, and KE Holdings (BEKE), Alibaba (BABA), and Tiger Brokers (TIGR), which all climbed around 4%, also joined the upward momentum.

The surge in Baidu's stock price reflects the renewed interest in Chinese equities among investors, driven by expectations of potential policy changes or positive developments that could benefit these companies.

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