Baidu up at midday in New York after Chinese stocks open lower

Chinese search engine Baidu rose 1.21 per cent by midday in New York trade as almost all other Chinese equities in the United States opened the week low after the shock devaluation of the Chinese currency last week. 

Internet major Sohu tumbled 4.07 per cent while Xunlei dropped 4.14 per cent. 

Sina, to post second quarter results after market close on August 18, rose slightly by 0.28 per cent by midday. 

The iShares MSCI China ETF tracking the performance of large cap Chinese equities dropped 0.97 per cent to US$49.25.

The CSI China Internet ETF slid 1.14 per cent to US$33.85, while the Deutsche X-trackers Harvest CSI300 China A-Shares ETF dropped 0.86 per cent to US$40.42 after the Shanghai Composite Index ended 0.71 per cent higher on Monday.