Alibaba and Baidu down after report Pentagon seeks to add cos to China military-linked list

U.S.-listed shares of e-commerce platforms Alibaba BABA.N and Baidu BIDU.O fall 1% and 1.3% respectively

Pentagon concludes Alibaba Group, Baidu, and BYD should be added to a list of cos that aid the Chinese military, Bloomberg reports, citing a letter to Congress sent roughly three weeks before President Trump and President Xi agreed to a broad trade truce

It remains unclear whether the cos have been formally included in Pentagon's 1260H list, an official roster of Chinese military-civil fusion contributors operating directly or indirectly in the U.S., the report says

Up to last close, BABA had risen ~87% while BIDU had gained ~40% YTD