Why Baidu Stock Is Falling

Baidu Inc BIDU shares are trading lower by 2.54% to $133.96 during Wednesday's session. Multiple Chinese stocks are being negatively impacted by lackluster export data from China.

Per Reuters, China's Customs Bureau data revealed a significant 7.5% year-on-year decline in May exports, surpassing the projected 0.4% decrease and marking the largest drop since January.

See Also: Chinese EV Giants Report May Deliveries

Imports, on the other hand, contracted by 4.5%, indicating a slower decline than the anticipated 8.0% and April's 7.9% fall.

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