Tencent jumps most in 3-1/2 months after release of AI Image model

** Shares of Tencent Holdings 0700.HK jump as much as 7.8% to HK$463.4, on course for the biggest one-day pct rise since June 2

** Stock of the Chinese technology giant hits the highest level since August 12 in second rising session

** Top pct gainer in benchmark Hang Seng Index .HSI, which is up 0.1%

** Tencent releases Hy Images 3.5 preview model; says model offers a performance boost over its Hy Image 3.0 and is a cost-effective model for professional creators supporting text-to-image and image-to-image generation, among others

** In a separate statement, Tencent Cloud also announces collaboration with Boost, a regional fintech firm and digital bank, to accelerate digital transformation across Malaysia and Indonesia

** YTD, Tencent stock down 24.9%, Hang Seng TECH Index .HSTECH down 19.8%