Lenovo Got Booted From Hong Kong’s Benchmark Market Index. Now It’s China’s Hottest Stock

What was the world's worst technology stock only months ago has become China's hottest, staging a defiant comeback since it was booted off Hong Kong's benchmark gauge.

Lenovo Group has seen its shares surge 43% in the nearly five months since the announcement of its removal from the Hang Seng Index — an increase that beats every other Chinese technology stock during the same period while outperforming the broader Hang Seng index that this month slumped into a bear market.

The rapid reboot...

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