Baidu's Hong Kong-listed shares fell on October 22, 2025, caught in a wider downturn that affected the technology sector. The search giant’s stock retreated by approximately 2% to HK$115. This decline was part of a broader market trend, with the Hang Seng Tech Index also falling as investors engaged in profit-taking after a recent rally. The sell-off in Asian tech stocks followed overnight declines in their U.S. counterparts. Other major Chinese tech firms, including Alibaba and NetEase, also experienced notable drops. The market movement was largely attributed to a retreat on Wall Street rather than any specific negative news from Baidu itself.