Alibaba, Baidu Stocks Drop After Brief Appearance on Withdrawn Pentagon List
Shares of Alibaba Group and Baidu tumbled in Hong Kong trading after both firms, along with BYD, were momentarily included on an updated U.S. Section 1260H list of companies with ties to the Chinese military that was withdrawn minutes after release. The brief mention, combined with post-holiday catch-up selling and investor worries about heavy AI-r…