Baidu Inc (NASDAQ:BIDU) shares are trading lower by 6.14% to $143.04 Monday morning. Shares of several Chinese companies at large are trading lower amid a resurgence in COVID cases which has caused the closure of Macau casinos.
Shanghai health officials said on Sunday that the city reported its first case from a new Omicron subvariant, triggering new rounds of mass testing and targeted lockdowns.
Meanwhile, all commercial and industrial businesses in Macau will be shut for at least a week from Monday as the authorities of China’s special administrative region race to curb the surge of COVID-19 infections in the world’s biggest gambling hub, Reuters reported… Read More
According to data from Benzinga Pro, Baidu has a 52-week high of $187.48 and a 52-week low of $101.62.
