Rumours Lift Yuewen And Baidu Shares

Yuewen Group (00772) and Baidu Group (09888) both rose on Friday amid market rumours, according to ETNet. Yuewen closed at HK$21.78, up HK$1.68, with turnover of HK$450 million. The market said funds were buying the stock on expectations that its IP licensing partnerships could expand into the gaming industry. Baidu closed at HK$95.90, up HK$4.40. Market talk said mainland advanced smart-driving development was progressing steadily and could benefit Baidu's business, with some expecting the shares to return above HK$100 in the near term.