Zhihu's Hong Kong shares jump most on record on AI stocks frenzy spurred by ChatGPT
08/02/2023 08:12
** Hong Kong shares of Chinese question-and-answer website
Zhihu Inc 2390.HK soar as much as 57.4% to HK$36.60, hitting
their highest and posting biggest daily pct jump since debut on
April 22, 2022
** Stock tracks a 31.7% jump in co's U.S. shares ZH.N
** A flurry of AI stocks in China and U.S. have rallied, as
the global frenzy around the Microsoft-backed chatbot sensation
ChatGPT spurred speculative bets on the new technology
** U.S. shares of Baidu BIDU.O jumped after the Chinese
search engine giant said it would complete internal testing of
ChatGPT-style project called "Ernie Bot" in March
** Zhihu's Hong Kong shares trim gains before closing 39.6%
higher in their second session of rise; fourth biggest pct
gainer on the Hong Kong bourse
** Zhihu's online content community based on user-generated
content (UGC) to provide a platform for users to find solutions
and make decisions
** The Hang Seng sub-index on information technology firms
.HSCIIT falls 1.4%, the Hang Seng Tech Index .HSTECH
declines 1.9% and the Hang Seng Index .HSI slips 0.1%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))