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BUZZ-Baidu's HK shares climb most in 2 weeks on share buyback, dividend optimism

Reuters
Yesterday
BUZZ-<a href="https://laohu8.com/S/09888">Baidu</a>'s HK shares climb most in 2 weeks on share buyback, dividend optimism

** Hong Kong shares of Baidu Inc 9888.HK climb 2.4% to HK$140.5, mark their biggest intraday pct gain since January 22

** Stock on course to snap five consecutive sessions of decline, and is fourth-biggest pct gainer in the Hang Seng TECH Index .HSTECH, which is down 1.2%

** U.S.-listed stock BIDU.O down 4.8% on Wednesday

** Baidu, China's largest search engine operator, says its board has approved a new $5 billion share repurchase programme running through December 31, 2028, and the adoption of its first-ever dividend policy

** The board expects to declare its first dividend in 2026, marking a shift towards more regular shareholder returns

** YTD, Hong Kong stock up 5.3%, U.S.-listed shares up 5.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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