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Saturday, July 13, 2024

Why Baidu Stock Is Trading Higher – Baidu (NASDAQ:BIDU)

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Baidu Inc BIDU shares are trading higher by 3.8% to $142.11 Monday morning. Shares of several Chinese stocks are trading higher ahead of U.S. Treasury Secretary Janet Yellen’s upcoming China visit.

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U.S. Treasury Secretary Janet Yellen is set to visit Beijing this week for a meeting with senior Chinese officials, CNBC reports.

In an April speech, Yellen outlined three economic priorities for the U.S.-China relationship: securing national security interests, fostering mutually beneficial growth, and cooperating on global challenges like climate change and debt distress. These objectives will be underscored during her visit.

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See Also: Rivian Stock Is Racing Higher: What’s Going On?

Chinese state broadcaster CCTV confirmed that Yellen will be visiting from July 6-9. This visit follows closely on the heels of Secretary of State Antony Blinken’s meeting with China’s President Xi Jinping in Beijing.

According to data from Benzinga Pro, Baidu Inc has a 52-week high of $160.88 and a 52-week low of $73.58.

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Posted In: Newswhy it’s moving

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