China's SenseTime halts trading in Hong Kong after stock surges 36%

SenseTime

24/04/2024 07:48

** Shares in Chinese artificial intelligence (AI) software
developer SenseTime Group Inc  0020.HK  were halted from
trading, after soaring as much as 36.1% to HK$0.83, their
biggest one-day gain since January 2022
    ** Stock last up 31.2% prior to a trading halt late on
Wednesday morning, pending statement which may constitute inside
information. It gave no furthe details 
    ** SenseTime hit the highest since March 22; top gainer on
Hang Seng Tech Index  .HSTECH  and Hang Seng Composite Index
 .HSCI  
    ** The U.S.-blacklisted firm unveils fifth version of its AI
platform, SenseNova 5.0
    ** SenseTime is one of many racing to develop generative AI
    ** Hang Seng Tech Index  .HSTECH  jumps 3.6%, Hang Seng
Composite Index  .HSCI  rises 2.3% and Hang Seng Index  .HSI 
adds 2.3%
    ** Shares down 31% YTD


 (Reporting by Josh Ye and Donny Kwok)
 ((donny.kwok@thomsonreuters.com))