On June 11, Baidu Group-SW fell 3.17% in regular trading, trading at 112.9 HKD/share, with trading volume of 182 million HKD. The stock continued to face selling pressure following geopolitical headwinds earlier in the week.

The decline comes after the US Department of Defense published a notice designating Baidu on its Chinese Military Companies (CMC) list on June 9. The updated list includes approximately 80 enterprise groups and nearly 188 affiliated entities, with several major Chinese technology firms also named. Baidu issued a statement on the Hong Kong Stock Exchange firmly rejecting the designation, emphasizing that it is neither a Chinese military enterprise nor a military-civil fusion contributor to China's defense industrial base. The company noted the CMC list is not a sanctions list, that related US government procurement restrictions will not affect its business operations, and that the list does not restrict trading in the company's securities.

The stock had already dropped over 7% on June 8 amid broader market weakness. Within the Interactive Media and Services sector, Tencent fell 0.82%, Kuaishou-W fell 0.17%, while Bilibili-W rose 0.84% and Meitu rose 1.05%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)