BUZZ-Baidu Hong Kong shares touch eight-week low on lower quarterly revenue
Reuters
10 hours ago
BUZZ-<a href="https://laohu8.com/S/09888">Baidu</a> Hong Kong shares touch eight-week low on lower quarterly revenue
** Hong Kong shares of Baidu Inc 9888.HK slip 1.1% to HK$122, their lowest point since December 30, and on course for a fourth consecutive session of decline
** U.S-listed stock BIDU.O fell 5.7% on Thursday
** China's largest search engine operator reported a 4% revenue drop for its December quarter on Thursday, as persistent weakness in its mainstay advertising business offset strong growth in its cloud business.
** YTD, Hong Kong stock down 6.7%, U.S.-listed shares down 4.2%, while the benchmark Hang Seng Index .HSI is up 3.2%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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