Chinese Tech Stocks Rattled by Renewed Trade War Fears

Investors dumped Chinese equities on Friday as threats of renewed trade tensions between the United States and China sparked a market-wide selloff. Technology giant Baidu found itself at the epicenter of the storm, witnessing its shares plummet by more than 8% in a single trading session—marking one of its most severe daily declines in recent memory.

The sharp downturn was primarily driven by former U.S. President Donald Trump’s reemergence with warnings of imposing “massive tariffs” on Chinese imports. This geopolitical development sent shockwaves through investment circles, triggering a broad-based retreat from China-exposed assets. The negative sentiment proved so powerful that it completely overshadowed a significant bullish analyst update from Macquarie. Concurrently with the sell-off, the investment bank... Read more...