Baidu (BIDU) Stock Tumbling As China Devalues Yuan
NEW YORK (TheStreet) -- Shares of Baidu Inc. are down by 4.21% to $169.40 in mid-day trading on Tuesday, as some China-based U.S. traded stocks take a hit after the country's government devalued the yuan this morning. Baidu is a Chinese-language Internet search provider. Following weak export and import data over the weekend, China devalued its currency by 2% as a sign of increasing government ... Read News
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JD.com (JD) Stock Slumping As China Devalues Yuan
NEW YORK (TheStreet) -- Shares of JD.com Inc. are declining by 6.05% to $28.24 on Tuesday morning, as China-based U.S. traded stocks tumble after China devalued the yuan. JD.com is a China-based online direct sales retailer with products ranging from electronics and home appliances to general merchandise. Following weak export and import data over the weekend, China devalued its currency as a ... Read News
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