World's Worst Tech Stock May Lose Its Index Status
- Chinese computer maker is most shorted stock on benchmark
- Lenovo’s shares have dropped 56 percent in past five years
An attendee uses the Lenovo Group Ltd. Mirage Solo VR headset in Las Vegas, Nevada.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Lenovo Group Ltd. is increasingly at risk of being dropped from Hong Kong’s benchmark equity index as its shares tumble more than any other technology company in the world.
The Chinese computer maker has slumped 56 percent since being added to the Hang Seng Index in March 2013, wiping out $5.8 billion in value. Companies removed from the gauge in the past decade have seen their value fall a median 48 percent before being excluded, according to Bloomberg calculations.