Baidu Shares Up 7.2% After Google Advertisers In China Warned To Switch To Rivals

Baidu Inc. (NASDAQ:BIDU) shares rose 7.2% to $589.82 after news that Google (NASDAQ:GOOG) advertisers and business partners in China are being advised to switch to rivals.

The move is in response to rumors that Google will shut its Web site in the country following cyber attacks that started in China.