October 27, 2009 at 18:07 PM EDT
Slew Of China Leaders Dive; Baidu Falls 11%
Did Baidu's (BIDU) 11% plunge Tuesday in heavy volume torpedo Chinese stocks? Or was the market already on the brink? The answer doesn't matter. When the market tells you to get out, don't argue. Tuesday's market losses left many Chinese leaders flashing sell signals or otherwise in poor shape. Sohu (SOHU) gapped down and fell 2.62 to 57.30 in triple-paced trade. That followed Monday's 16% drop, in six times its usual trade. Software outsourcer
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