Shares of Baidu Inc. and other U.S.-listed Chinese technology companies fell on Friday following the announcement of a limited trade agreement between the United States and China. The truce, which addressed some tariff issues and Chinese commitments to purchase U.S. agricultural goods, failed to resolve deeper and more critical tensions between the two nations, leaving investors concerned about lingering uncertainty. The market reaction was broadly negative for Chinese tech giants, with companies like Alibaba Group Holding Limited and JD.com also experiencing declines. The agreement did not tackle sensitive subjects such as semiconductors or Taiwan, which continue to be major points of contention in the U.S.-China relationship and weigh on investor sentiment. Analysts provided mixed views on the long-term impact of the trade truce. While some see it as a positive step that could restore some foreign investor confidence in Chinese assets, the immediate market response indicated that the measures were not substantial enough to alleviate prevailing concerns. Baidu's stock was specifically mentioned among those that retreated due to the cautious sentiment.