Baidu Inc is trading at $117.88, up 4.6% in after-hours trading as the market recovers from a sharp regular-session drop tied to reports of US scrutiny over alleged Chinese military aid.
- The rebound suggests traders may be viewing the earlier selloff as overdone, leading to significant bargain-hunting and short covering.
- The initial decline was sparked by headlines linking Baidu Inc to US accusations involving support for China’s military.
- Investors are reassessing the impact of the reports after the stock faced heavy pressure during the regular trading session.