BIDU is trading at $138.96 (-4.07%) amid continued tech sector weakness and speculation over potential value-added tax changes targeting the internet sector.
- The decline follows a sharp drop in Hong Kong's Hang Seng Tech Index and heightened concerns regarding regulatory tax adjustments for major Chinese tech platforms.
- The stock's performance aligns with a -0.65% drop in the Nasdaq, reflecting a broader market rotation away from high-growth technology equities.
- This downward move follows a 2.50% loss on February 3 and a premarket decline of 3.42%, signaling sustained selling pressure.