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Alibaba, Baidu Stocks Fall as Chinese Tech Enters Correction Territory. What’s Hitting Shares.
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Chinese stocks fell Monday as the index slid into correction territory amid heightened market uncertainty prompted by the Trump administration’s tariff policy. The Hang Seng Tech index tracks some of mainland China’s largest technology firms listed in Hong Kong such as search engine provider Baidu, e-commerce giants Alibaba and JD.com, and game developer Tencent The index closed down 2% Monday and has thereby dropped 11% since its recent peak on March 18. Baidu stock dropped 2.4% ahead of the open.
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