Zhipu AI Hong Kong stock hits 2-week peak on new model launch
Mon 08:15
BUZZ-Zhipu AI Hong Kong stock hits 2-week peak on new model launch ** Knowledge Atlas Technology 2513.HK, aka Zhipu AI, jumps as much as 47.7% in third straight session to HK$1,620, highest since May 29
** Stock last up 32.6% at HK$1,455; fourth-biggest gainer on HK bourse and top gainer on Hang Seng TECH Index .HSTECH, which rises 1.2%
** Co launches flagship GLM-5.2 model, supporting context lengths of up to 1 mln tokens, with leadership in long-horizon tasks
** Model to be released open-source under MIT licence; co expects boost to call volumes for its open platform and API services
** Since HK debut on Jan 8, stock up 1,167.6% from offer price of HK$116.2
** YTD, benchmark Hang Seng Index .HSI down 3%
(Reporting by Donny Kwok)