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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Baidu Shares Today?

Baidu Baidu Inc Nasdaq Shanghai

Baidu Inc (NASDAQ:BIDU) shares are trading higher by 3.17% at $145.79. Strength is possibly due to hopes of a Shanghai reopening.

The COVID-19 lockdown in Shanghai and other parts of China has otherwise weighed on the broader Chinese economy and Chinese stocks in 2022. The IMF in April downgraded China’s growth forecast to 4.4% from 4.8%, citing pain from its coronavirus restrictions.

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