Lenovo Has Less to Lose in the U.S.
Hong Kong investors this month have frantically dumped stocks with too much U.S. exposure, and computer maker Lenovo has been one of the biggest targets. The stock of the world's No. 4 PC maker has plunged 35% in January alone, far worse than the 13.5% drop for Hong Kong's Hang Seng Index. Lenovo had further to fall, since the shares had jumped 52% in the second half of last year, but with some investors taking profits, and others worried about PC sales during a U.S.-led global slowdown, Lenovo has suffered much more than its main rivals. Hewlett Packard (HPQ) is down 13%, Dell (DELL) is off 18%, and Acer is down 21%.
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