On October 2, BIDU-W fell 3.15% in regular trading, trading at HK$82.9 per share, with turnover of approximately HK$61.61 million. The decline came amid broad-based selling pressure across the Interactive Media & Services sector.

On the macro front, the US 30-year Treasury yield surged past 5.6%, hitting its highest level since 2002, triggering a global risk-off wave that hit growth and technology stocks particularly hard. The Hang Seng Tech Index had already slumped nearly 8% in September. At the company level, Moody's recently confirmed BIDU-W's A3 credit rating but revised its outlook from stable to negative, signaling potential downgrade risk ahead.

Despite 18 consecutive trading days of share repurchases totaling approximately HK$900 million, the stock has still fallen more than 10% over that period, suggesting limited effectiveness of the buyback program in supporting the share price. Within the sector, TENCENT fell 1.86%, KUAISHOU-W dropped 3.68%, BILIBILI-W declined 4.27%, WB-SW lost 2.25%, and MEITU slid 4.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)