Chinese Shares Make a Big Comeback
October 10 2021 - 05:53AM
TipRanks
Chinese shares rallied big time on Thursday, driven by bargain
hunting, better than expected inflation numbers, and the easing of
trade tensions between Washington and Beijing. Shares of Alibaba
(BABA) gained close to 9 percent in early morning trade, while
Baidu (BIDU) shares gained close to 6 percent. I’m bullish on
Alibaba and Baidu. See Top Smart Score Stocks >> Bargain
Hunting Bargain hunters are beginning to warm up to Chinese shares,
following the recent rout that has driven the valuation of market
leaders like Baidu (BIDU) and Alibaba (BABA) near their cash
values. Baidu's current Total Cash per Share is $486.36. Its Total
Debt is 89.
https://www.tipranks.com/news/article/chinese-shares-make-a-big-comeback?utm_source=advfn.com&utm_medium=referral
Baidu (NASDAQ:BIDU)
Historical Stock Chart
From May 2022 to Jun 2022
Baidu (NASDAQ:BIDU)
Historical Stock Chart
From Jun 2021 to Jun 2022