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BAIDU falls hard two days in a row

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decline_6 June 20, 2014 (Chinavestor) China's search engine giant Baidu Inc. (NASDAQ:BIDU) fell the hardest among major Chinese listings for two days in a row. The first chart reflects how BIDU performed on Thursday. BIDU fell $2.29, the most among major US listed Chinese stocks. BIDU was followed closely by 58.com Inc. (NYSE:WUBA). All other Chinese listings fell less than two dollars for the day.

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To highlight that BIDU's decline was not just a one day mistake, consider this. Baidu Inc. (NASDAQ:BIDU) fell $1.54, by far the most among major Chinese stocks just a day before. All this decline despite a surging stock market is signs of additional weakness.

 

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