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

Tencent Holdings

05/11/2026 03:42

** 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)

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