Baidu Rises Most in Over a Month: U.S.-Listed Chinese Companies
Baidu Rises Most in Over a Month: U.S.-Listed Chinese Companies
(Bloomberg) -- Baidu Inc. gained 4.1 percent Monday, the Chinese search giant’s biggest jump since June 4, after a rating upgrade at KeyBanc. Based on a shift in outlook prospects, KeyBanc raised its rating to overweight from sector weight. The stock has gained 7.2 percent in the past two trading days.
Separately, Baidu’s smart device guru, Jesse Lyu, left the company citing personal reasons.
Among other companies, Alibaba Group Holding Ltd. and JD.com Inc. were little changed. IQIYI Inc. climbed 6.4 percent.
Monday’s top gainer, Ever-Glory International Group Inc., rose 32 percent for its biggest jump since March 2009.
The top decliner, Farmmi Inc., dropped 16 percent, the most since the company’s initial public offering in February. The stock has fallen for the past five days, the longest streak since early June.
| Biggest Gainers | Percent Change | Biggest Decliners | Percent Change |
|---|---|---|---|
| EVK US | 32% | FAMI US | -16% |
| XNET US | 10% | ABAC US | -13% |
| CPHI US | 10% | CLDC US | -12% |
| SSC US | 10% | ALN US | -12% |
| WINS US | 10% | MOXC US | -9.8% |
Results are based on an EQS search comprising about 150 Chinese companies trading on the New York Stock Exchange and Nasdaq.
To view daily stories on U.S.-listed Chinese companies, click TNI CHINA ADR BN
To see weekly events preview on U.S.-Listed Chinese companies, TNI CHINA ADR BN, then search "events preview"
To see stories on Asia ADR Premiums & Discounts, NI ADRASIABA
©2018 Bloomberg L.P.