Hang Seng Index Co., Ltd. announced on the 4th that as of March 30th, 2018, the results of the quarterly review of the Hang Seng Index Series were added to Shijiazhuang Group Co., Ltd., excluding Lenovo Group Co., Ltd. All changes will be made on Monday, June 4, 2018. Effective. The Hang Seng China Enterprise Index removed China Railway Times Electric and joined China Huarong.
On April 23, the stock price of Lenovo Group (HK0992) fell by more than 5% to HK$3.58 (contract RMB2.88) in early trading, and fell to the lowest level since 2009. This is a further plunge in Lenovo's department after the major share price change that Lenovo Holdings made in December 2017.
US media Bloomberg immediately declared that Lenovo's share price dropped "more than any other technology company in the world." Taking the average loss of 48% of the stocks that were kicked out of the Hang Seng Index over the past 10 years as a reference, the Lenovo Group, which has fallen by 56% over the past five years, has exceeded this standard.
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