Lenovo Group is trading at $64.39, down 8.13%, amid pressure on Hong Kong technology stocks.
- Reports said it opened over 6% lower as the Hang Seng Index fell.
- Citi cut its target price to HKD40 but said the Infrastructure Solutions Group remains a key earnings driver. Available reporting does not establish the cut as the cause of the drop.
- U.S. technology stocks were rising, with the stronger signal being weakness in Hong Kong trading rather than a broad global tech selloff.