Baidu surges: Chip IPO euphoria ignites new Kunlunxin fantasies

Baidu surged on Tuesday: its stock rose by about eight percent  on the home market. The momentum came less from a new Baidu corporate announcement, but rather from the market environment – specifically: from a resurgent "chip IPO" euphoria  in Hong Kong, which lifted China tech and AI stocks overall. Hong Kong makes a comeback After a prolonged dry spell, the IPO market in Hong Kong appears surprisingly robust at the turn of the year 2025/26. Reuters  reports strong issuance dynamics towards the end of 2025 and a well-filled pipeline...