SenseTime shares tumble in Hong Kong on steep discounts in two pre-market block trades

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Chinese AI software giant SenseTime recorded two major non-automatic block trades in the pre-market trading on Tuesday. That included a block of 557.4 million shares at HK$1.82 per share, and another block of 517 million shares at HK$1.95 per share, representing 16.5% and 10.55% discounts to the closing price on Monday.

The stock tumbled as much as 9.2% to hit a seven-month low of $1.97 at one point, before paring losses to 7.8% to trade at $2.01.