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Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Thursday Trading

Asian equities traded in the US as American depositary receipts were lower on Thursday morning, shedding 0.6% to 2,938.98 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company ChipMOS Technologies (IMOS) and carmaker Honda (HMC), which rose 6.2% and 3.2% respectively.They were followed by tech giant Baidu (BIDU), which climbed 3.3%.The decliners from North Asia were led by semiconductor company United Microelectronics (UMC) and radiotherapy and diagnostic imaging operator Concord Medical Services (CCM), which fell 8.9% and 0.7% respectively.They were followed by fabless semiconductor manufacturer Himax Technologies (HIMX), which shed 4.7%.From South Asia, the gainers were led by tech firm Sify Technologies (SIFY) and travel agency Trip.com (TCOM), which rose 3.2% and 1.9% respectively. They were followed by telecom PLDT (PHI), which added 1.6%.The decliners from South Asia were led by tech company Wipro (WIT), which shed 1.9%.

$BIDU$CCM$HIMX$HMC$IMOS$PHI$SIFY$TCOM$UMC
Sectors

Sector Update: Tech Stocks Fall Premarket Thursday

Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.1% lower.Taiwan Semiconductor Manufacturing (TSM) shares were down nearly 4% even after the company reported higher Q2 earnings and net revenue.Uber Technologies (UBER) stock was up more than 1% after the company disclosed its acquisition offer to buy Berlin-based Delivery Hero in a deal representing an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases.Baidu (BIDU) shares were up more than 2% after the company said its board approved a plan to pursue a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange, while maintaining its primary listing on the Nasdaq.

$BIDU$TSM$UBER$XLK$XSD
Asia Markets

Update: US Equity Futures Edging Lower Pre-Bell as Traders Cautious on Tech, US Strikes Iran Targets Anew

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders saw tech stocks trend downwards and the US unleashed another round of strikes against Iran.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.SK Hynix (SKHY) stock fell more than 11% in Seoul and 8% in premarket activity on the Nasdaq.US Central Command said in a post on X that it completed another wave of attacks against Iran, holding the nation "accountable" at the direction of President Donald Trump.Iran warned that it would hit key infrastructure in the Gulf region if the US followed through on Trump's threats on Tuesday to strike Iranian infrastructure such as bridges and power plants if progress on peace talks was not achieved.Traders took note of the latest round of earnings with Taiwan Semiconductor Manufacturing (TSM) posting higher Q2 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.3% at $86.06 per barrel and US West Texas Intermediate crude 1.3% higher at $80.66 per barrel.US retail sales rose by 0.2% in June, following a 1.0% gain in the prior month and meeting expectations in a survey compiled by Bloomberg. Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000. The Philadelphia Federal Reserve's monthly manufacturing index rose to 41.4 in July from 10.3 in June, compared with expectations for a smaller increase to a reading of 12.5.The July US housing market index, slated for 10 am ET, is expected at 35, unchanged from the prior month. Pending home sales for June are expected to decline by 0.5% after a gain of 3.8% in the prior month.Federal Reserve Dallas President Lorie Logan, Kansas City President Jeffrey Schmid, and Vice Chair Philip Jefferson are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 2.8% lower, Hong Kong's Hang Seng ended 1.3% higher, and China's Shanghai Composite finished 1.9% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, Taiwan Semiconductor Manufacturing shares were 4.2% lower despite the company's Q2 earnings and revenue surpassing analysts' consensus estimates. Stocks of STMicroelectronics (STM), Western Digital (WDC), and Seagate Technology (STX) were down as part of a larger decline in the tech sector. STMicroelectronics shares fell 4.8%, Western Digital stock was down 7.7%, and Seagate Technology shares dropped 6.5%.On the winning side, UnitedHealth Group (UNH) stock was up 6.7% after the company reported Q2 adjusted earnings and revenue that beat analyst estimates, as well as boosting its 2026 outlook. Baidu (BIDU) stock was up 2.1% after the company said its board approved a plan to pursue a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange, while maintaining its primary listing on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$BIDU$SKHY$STM$STX$TSM$UNH$WDC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading

Asian equities traded in the US as American depositary receipts were rising on Wednesday morning, adding 1.4% to 2,961.25 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies ChipMOS Technologies (IMOS) and United Microelectronics (UMC), which advanced 5.8% and 5.7% respectively.They were followed by tech firm Baidu (BIDU) and financial group Nomura (NMR), which rose 3.4% and 2.8% respectively.The decliners from North Asia were led by Concord Medical Services (CCM), which fell 2.8%. It was followed by carmaker Honda (HMC) and online game operator The9 (NCTY), which fell 1.1% and 1% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 4.6%, followed by banks ICICI (IBN) and HDFC (HDB), which added 1.8% and 1.5% respectively.The decliners from South Asia included information and communications technology company Sify Technologies (SIFY), which was falling 2.3%.

$BIDU$CCM$HDB$HMC$IBN$IMOS$NCTY$NMR$SE$SIFY$UMC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading

Asian equities traded in the US as American depositary receipts were higher on Tuesday morning, adding 0.9% to 2,938.12 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by private education company New Oriental Education & Tech (EDU) and financial services company Mitsubishi UFJ Financial Group (MUFG), which advanced 3.6% and 3.5%, respectively.They were followed by solar module manufacturer JinkoSolar (JKS) and semiconductor company United Microelectronics (UMC), which climbed 2.2% and 1.2%, respectively.The decliners from North Asia were led by semiconductor services company ChipMOS Technologies (IMOS) and tech company Baidu (BIDU), which dropped 6.8% and 5%, respectively.They were followed by tech and gaming firm NetEase (NTES) and semiconductor maker Himax (HIMX), which shed 2.3% and 1%, respectively.From South Asia, the gainers were led by telecom PLDT (PHI) and online travel agency Trip.com (TCOM), which rose 0.8% and 0.2%, respectively.The decliners from South Asia were led by tech company Infosys (INFY), which fell 3.2%, followed by bank HDFC (HDB), which was down 1.3%.

$BIDU$EDU$HDB$HIMX$IMOS$INFY$JKS$MUFG$NTES$PHI$TCOM$UMC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading

Asian equities traded in the US as American depositary receipts were higher Wednesday morning, rising 0.79% to 2,898.28 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive marketplace Token Cat (TC) and tech company Alibaba Group (BABA), which surged 25% and 9.8% respectively. They were followed by internet and data center services provider VNET Group (VNET) and tech company Baidu (BIDU), which rose 5.1% and 4.5% respectively.The decliners from North Asia were led by online game developer The9 (NCTY), which fell 3.2%. It was followed by AMTD Digital (HKD) and polysilicon manufacturer Daqo New Energy (DQ), which were down 2.6% and 2.5% respectively.From South Asia, the gainers were led by Canaan (CAN) and Sify Technologies (SIFY), which rose 11% and 2.7% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and HDFC Bank (HDB), which dropped 27% and 2.4% respectively. They were followed by ICICI Bank (IBN) and Infosys (INFY), which lost 2.2% and 1.3% respectively.

$BABA$BIDU$CANM$DQ$HDB$HKD$IBN$INFY$NCTY$SIFY$TC$TDTH$VNET
Wire

Market Chatter: Baidu's Chip Arm Seeks IPO Investors Who Will Also Buy Semiconductors

Kunlunxin Technology, an AI chip firm majority owned by Baidu (BIDU), is planning a Hong Kong IPO at a target valuation of $50 billion, The Information reported Monday.Kunlunxin is prioritizing those who commit to buy its chips, the report said, citing two people who participated in a road show.Shares of Baidu were up over 6% in afternoon trading.Baidu did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $110.84, Change: $+6.62, Percent Change: +6.35%

$BIDU
Sectors

Sector Update: Tech Stocks Rise Premarket Monday

Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 5.1% higher.Akamai Technologies (AKAM) stock was up more than 2% after the company launched a unified "agentic framework" for its Bot & Agent Control solutions as AI agents increasingly take on tasks on behalf of users, raising new challenges around identity, intent and trust.Viavi Solutions (VIAV) shares were up more than 4% after the company said it is upgrading its CX300 communications service monitor by launching the TETRA MS radio base station simulator option.Baidu (BIDU) is being considered by ByteDance as a potential supplier of its Kunlunxin artificial intelligence chips, Reuters reported, citing two unnamed sources familiar with the matter. Baidu stock was up more than 1% pre-bell.

$AKAM$BIDU$VIAV$XLK$XSD
Wire

Alibaba, Baidu Named Among 'Chinese Military Companies,' Department of Defense Notice Shows

Alibaba Group (BABA) and Baidu (BIDU) are among the list of entities that are designated as "Chinese military companies," according to a Department of Defense notice filed on Monday to be published in the Federal Register.The annual list includes several firms such as Huawei Technologies, BYD, Tencent and TP-Link, according to the document.The listed companies may request reconsideration of this decision by submitting evidence to the Pentagon that they should be removed from the list, the notice said.Alibaba and Baidu did not immediately respond to request for comments from.Price: $120.10, Change: $-0.96, Percent Change: -0.79%

$BABA$BIDU
Wire

Street Color: Alibaba, Baidu Among Firms Designated as Chinese Military Companies, Pentagon Says

Street Color: Alibaba, Baidu Among Firms Designated as Chinese Military Companies, Pentagon Says

$BABA$BIDU
Sectors

Sector Update: Tech Stocks Mixed Wednesday Afternoon

Tech stocks were mixed Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor Index advanced 1.3%.In sector news, SpaceX plans to price its IPO at $135 per share, seeking to raise $75 billion, Reuters reported. The firm plans to sell 555.6 million shares in an all-primary offering and is aiming for a $1.75 trillion valuation, the report said.Separately, xAI has halted hiring for specialists to train its Grok chatbot on a range of skills due, in part, to concerns that the company's human resources department is overwhelmed by the number of candidates, Bloomberg reported.In corporate news, Alphabet (GOOG, GOOGL) increased the size of its equity capital raise to $84.75 billion from the previously announced $80 billion, according to a regulatory filing Tuesday. The offering includes a pledge by Berkshire Hathaway (BRK.A, BRK.B) to invest $10 billion in the tech giant in a private placement, the filing said. Alphabet's Class A and Class C shares were each down 0.2%.Palo Alto Networks (PANW) late Tuesday reported stronger-than-expected fiscal Q3 results as an AI boom drove demand for cybersecurity. Its shares still fell 6%.Baidu (BIDU) expects to list its chip unit Kunlunxin Technology in Hong Kong this year, The Wall Street Journal reported, citing Chief Financial Officer Henry He. Baidu shares were down 1.4%.

$BIDU$GOOG$GOOGL$PANW
Wire

Market Chatter: Baidu Plans Hong Kong Listing for Semiconductor Unit

Baidu (BIDU) expects to list its chip unit Kunlunxin Technology in Hong Kong this year, The Wall Street Journal reported Wednesday, citing Chief Financial Officer Henry He.The CFO said a spinoff would make Kunlunxin more of a "neutral player" in the market, making it easier to acquire external clients, the report said.Baidu did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $135.31, Change: $-1.41, Percent Change: -1.03%

$BIDU
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Up for Week

Asian equities traded in the US as American depositary receipts were heading lower Friday morning, declining 0.35% to 2,867.57 on the S&P Asia 50 ADR Index, which is up 0.5% for the week so far.From North Asia, the gainers were led by video display maker LG Display (LPL) and diagnostic imaging centers company Concord Medical Services (CCM), which advanced 11% and 3.1% respectively. They were followed by education company 17 Education & Technology Group (YQ) and tech company Baidu (BIDU), which increased 3% and 2.8% respectively.The decliners from North Asia were led by real estate management and digital security company Eason Technology (DXF) and internet and data center services provider VNET Group (VNET), which dropped 5.1% and 4.6% respectively. They were followed by biopharmaceutical company Zai Lab (ZLAB) and semiconductor company ASE Technology (ASX), which lost 3.2% and 3% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and lender HDFC Bank (HDB), which rose 3.7% and 1.4% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.6% and 0.3% respectively.The decliners from South Asia were led by IT firm Wipro (WIT) and telecommunications operator Telekomunikasi Indonesia (TLK), which fell 5.6% and 1.8% respectively. They were followed by IT company Infosys (INFY) and tech conglomerate Sea (SE), which were down 1.7% and 0.9% respectively.

$ASX$BIDU$CAN$CCM$DXF$HDB$IBN$INFY$LPL$RDY$SE$TLK$VNET$WIT$YQ$ZLAB
Insider Trading

Baidu Insider Sold Shares Worth $2,000,203, According to a Recent SEC Filing

Jixun Foo, Director, on May 21, 2026, sold 122,584 shares in Baidu (BIDU) for $2,000,203.SEC Filing:https://www.sec.gov/Archives/edgar/data/1329099/000119312526237754/xslF345X05/ownership.xml

$BIDU
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Track Lower in Thursday Trading

Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.94% to 2,836.35 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by video display maker LG Display (LPL) and real estate and digital security company Eason Technology (DXF), which advanced 12% and 6.5% respectively. They were followed by semiconductor company Himax Technologies (HIMX) and utilities company Korea Electric Power (KEP), which rose 2.5% and 1.2% respectively.The decliners from North Asia were led by internet and data center services provider VNET Group (VNET) and online entertainment company Bilibili (BILI), which dropped 5.5% and 4.4% respectively. They were followed by tech companies Alibaba Group (BABA) and Baidu (BIDU), which lost 3.8% and 3.2% respectively.There were no gainers from South Asia.The decliners from South Asia were led by IT firm Infosys (INFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which fell 3.8% and 2.8% respectively. They were followed by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which were off 0.9% and 0.5% respectively.

$BABA$BIDU$BILI$CAN$DXF$HIMX$INFY$KEP$LPL$SIFY$TLK$VNET
Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Baidu

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at USD150, on a P/E of 16.5x our 2027 EPADS view, near peers. We lower our 2026 EPADS estimate to CNY50.87 from CNY55.39 and 2027's to CNY60.72 from CNY62.50. BIDU's full-stack AI capabilities, spanning from Kunlunxin chips and cloud infrastructure to ERNIE foundation models and end-user applications, provide a significant competitive advantage through end-to-end optimization and superior cost and performance. We think that BIDU will see strong demand for AI inference workloads led by AI agents and applications, which plays directly to its strengths in GPU cloud and its MaaS platform. We also see margins benefiting as GPU cloud is structurally more profitable than traditional CPU cloud. We view BIDU's international expansion efforts, including Apollo Go's entry into European and Middle Eastern markets and the launch of an overseas digital human platform targeting global e-commerce, as important growth catalysts. Still, elevated spending needs and fair valuation keep us neutral.

$BIDU
Sectors

Sector Update: Tech Stocks Fall Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 4.1%.The Philadelphia Semiconductor index slumped 3%.In corporate news, Seagate Technology (STX) shares fell more than 9% after Chief Executive Dave Mosley said that building new factories to meet demand would "take too long."Equinix's (EQIX) plan to build two data centers in Cape Town, South Africa, is facing opposition from community groups and UK non-profit Foxglove, claiming the project lacks key details on water use, electricity demand and environmental impact, Reuters reported, citing a formal objection filed with city planners. Equinix shares were fractionally higher.LiveRamp (RAMP) shares jumped past 27% after the data collaboration platform agreed to be acquired by French advertising and public relations firm Publicis Groupe in an all-cash deal with an enterprise value of about $2.17 billion.Baidu (BIDU) reported better-than-expected Q1 results on Monday buoyed by growth in its core AI-powered business. Its shares rose 2.5%.

$BIDU$EQIX$RAMP$STX
Sectors

Sector Update: Tech Stocks Advance Premarket Monday

Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.LiveRamp (RAMP) agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion, Publicis Groupe said. Shares of LiveRamp Holdings were up more than 27% pre-bell.Baidu (BIDU) stock was up more than 4% after the company posted Q1 non-GAAP earnings and revenue that topped analysts' expectations.IQIYI (IQ) shares were down more than 2% after the company reported that it swung to a Q1 non-GAAP net loss as revenue declined during the period.

$BIDU$IQ$RAMP$XLK$XSD
Baidu First-Quarter Results Top Street Views
US Markets

Baidu First-Quarter Results Top Street Views

Baidu (BIDU) reported better-than-expected first-quarter results on Monday buoyed by growth in the Chinese technology company's core artificial intelligence-powered business.The firm, which specializes in AI and internet-related services, posted adjusted earnings of 12.06 renminbi ($1.75) per American depositary share for the March quarter, down from 18.54 renminbi the year before. The consensus on FactSet was for non-GAAP EPS of 11.54 renminbi.Total revenue came in at 32.08 billion renminbi, lower than the 32.45 billion renminbi recorded in the prior-year quarter, but ahead of the Street's view for 31.34 billion renminbi. The company's Nasdaq-listed American depositary receipts rose 4.9% in the most recent premarket activity.Revenue from the Baidu core AI-powered business jumped 49% to 13.6 billion renminbi, including a 79% surge in the AI cloud infra division, "powered by surging enterprise demand," Chief Executive Robin Li said in a statement. Revenue from AI applications was flat year over year, while AI-native marketing services logged a 36% gain."In (the first quarter), our core AI-powered business exceeded half of Baidu general business revenue for the first time, marking a clear signal that AI has become the core driver of Baidu," Li said. "Our AI applications continued to gain traction across enterprises and individuals alike, further validating the commercial potential of our AI innovations."The general business unit saw a 2% increase in revenue to 26 billion renminbi.Baidu said its autonomous ride-hailing service, Apollo Go, delivered 3.2 million fully driverless operational rides with weekly rides peaking at more than 350,000 in March. Total rides increased by over 120% on a yearly basis, the company added.

$BIDU
Asia Markets

New Drone Incidents in Middle East Keep Tensions High, Nudge US Equity Futures Pre-Bell Lower

US equity futures were lower pre-bell Monday as tensions remain high in the Middle East after the UAE and Saudi Arabia reported fresh drone incidents on Sunday, raising traders' concerns around a return to hostilities in the region.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.The UAE defense ministry said that a drone attack from the "western border" had caused a fire at a nuclear plant, while Saudi Arabia reported intercepting three drones that entered from the airspace of Iraq.President Donald Trump in a post on Truth Social urged Iran to "get moving" with regard to ending the conflict. "For Iran, the Clock is Ticking, and they better get moving, FAST, or there won't be anything left of them," he said.Among the companies reporting financial results this week are Home Depot (HD), Nvidia (NVDA), Analog Devices (ADI), and Walmart (WMT).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $108.66 per barrel and US West Texas Intermediate crude 0.8% lower at $100.25 per barrel.The May US housing market index, slated for 10 am ET, is seen coming in at 34, unchanged from the prior month, according to estimates compiled by Bloomberg.Cheryl Venable, interim president of the Federal Reserve Bank of Atlanta, is slated to speak on Monday.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished 0.1% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Dominion Energy (D) shares jumped 15% after the company and NextEra Energy (NEE) said they agreed to combine in an all-stock deal. ServiceNow (NOW) stock was up 5.1% after the company and Experian said they launched a multiyear partnership on autonomous AI agents across various platforms. Baidu (BIDU) shares were up 4.2% after the company posted Q1 non-GAAP earnings and revenue that surpassed analysts' consensus.On the losing side, Tesla (TSLA) stock was down 0.9% after the company reportedly raised prices for several Tesla Model Y variants in the US, media outlets reported Saturday. Regeneron Pharmaceuticals (REGN) shares were 12% lower after the company said its phase 3 skin cancer trial evaluating two dose levels of fianlimab in combination with cemiplimab failed to meet a primary endpoint. NextEra Energy stock was down 1.3% after the merger with Dominion Energy was announced.

Dow JonesNasdaq CompositeS&P 500$ADI$BIDU$D$HD$NEE$NOW$NVDA$REGN$TSLA$WMT

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