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Lenovo Is Dropped From Hong Kong's Hang Seng Index

Lenovo Is Dropped From Hong Kong's Hang Seng Index

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. Lenovo has plunged 57 percent since it was added to the gauge in 2013 to lose $5.9 billion in value.