Baidu slides lower, levels to watch The shares are down over 5.9% to $153.15. At that price, next support is at $149.26 and then at $147.70. Resistance is at $158.64. The $140 area is a key support zone for the shares. It was resistance in the late summer of last year and support since that time.
Baidu to partner with Citic Bank to launch online bank, Financial Times reports Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link