Lenovo Shares Slide After Margin Concerns Outweigh Results Beat

Lenovo Group Ltd. reported better-than-expected profit after companies accelerated PC purchases to get ahead of possible new US tariffs.

Still, its shares sank as much as 5.4% in Hong Kong after the results, as investors worried about losses from its fast-growing cloud division. Chinese tech companies are also grappling with concerns stemming from a prolonged US-China trade and technology war.