Lenovo Is Dropped From Hong Kong's Hang Seng Index
- Lenovo shares have plummeted 57 percent since addition in 13’
- CSPC Pharma is among best-performing healthcare stocks in Asia
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The outlook for Lenovo Group Ltd. shareholders is looking grimmer after the stock was dropped 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.