Lenovo is China’s hottest technology stock

Stock rally: Lenovo headquarters in Beijing. Lenovo Group Ltd. has seen its shares surge 42 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. – AP

HONG KONG: 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 Ltd has seen its shares surge 42% 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.