Baidu, Inc.Short
Baidu in downtrend tendency
Strong downtrend due to rising geopolitical and macro risks, we believe a large number of global investors are in the process of reducing exposure to the China Internet sector, leading to significant fund outflows from the sector,” the analysts wrote. “We believe Alibaba, as one of the most widely owned stocks within the China Internet sector, will continue to face stock selling pressure in the near term.
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