BUZZ-Baidu's HK shares at 5-month peak on Tesla tie-up, AI models' launch

Reuters03-18
BUZZ-Baidu's HK shares at 5-month peak on Tesla tie-up, AI models' launch

** HK shares of Baidu 9888.HK jump 10.7% to HK$101.9, highest since October 10, 2024

** Stock set for the biggest one-day pct rise since March 2023; top pct gainer on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH, which are up 2% and 2.7% respectively

** Tesla TSLA.O, planning full roll-out of its Full Self-Driving $(FSD)$ service in China this year, is working with Baidu to improve system's performance, Chinese tech giant says

** Adds free trial of FSD in China scheduled from March 17-April 16

** Launches two AI models, including new reasoning-focused model to rival DeepSeek's model

** YTD, HK stock up 22.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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