Lenovo falls after decision to drop shares from Hang Seng Index

Jamie McKane

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Lenovo falls after decision to drop shares from Hang Seng Index

Lenovo declined after a decision to drop its shares from Hong Kong’s benchmark stock gauge.

The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s quarterly review.

The re-balancing will take effect on June 4, the index compiler said in a statement on Friday.

[Bloomberg]
 
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