Tencent jumps most in five months on release of new AI model Hy4

By Reuters News

** Shares of Tencent 0700.HK jump 6.8% to HK$429, on track for biggest one-day pct gain since June 2

** Stock hits highest level since October 14 in the fifth consecutive session of gains

** The most active traded stock by turnover on the Hong Kong bourse, with 30.6 million shares worth HK$12.9 billion ($1.64 billion) changing hands in late morning

** Chinese tech giant on Wednesday released Hy4, a new AI model it said was designed with limits intended to reduce risk that it could be used for cyberattacks or harmful biological research

** YTD, stock down 29.1%, benchmark Hang Seng Index .HSI down 3.5%


($1 = 7.8455 Hong Kong dollars)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk