China’s AI giant SenseTime rallied on FTSE Russell review
MARKET STOCKS
China’s AI giant SenseTime rallied on FTSE Russell review
MARKET STOCKS

China’s AI giant SenseTime rallied on FTSE Russell review

 

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SenseTime continue to rally on new that FTSE Russell to evaluate shares for eligibility for indexes.

Chinese AI giant SenseTime jumped as much as more than 9% to hit HK$3.1 in Hong Kong after gaining more than 3% one day earlier. The stock closed the day 3.5% higher at HK$2.94.

FTSE Russell said that SenseTime is not currently subject to US sanctions prohibiting US investors from holding shares of the company following the receipt of a confirmation from the Office of Foreign Assets Control (OFAC) of the US.

SenseTime will be evaluated for index eligibility for the FTSE Global Equity Index Series (GEIS) March 2023 semi-annual review, it added.