--- title: "Hong Kong Stock Movement: Lenovo falls 10.17%: Joint venture company negative factors combined with sluggish Hong Kong stocks, AI layout difficult to save the market" type: "News" locale: "en" url: "https://longbridge.com/en/news/289266019.md" description: "LENOVO GROUP fell 10.17%; Xiaomi Group-W fell 4.12%, with a transaction volume of HKD 3.186 billion; Huaqin Technology fell 4.21%, with a transaction volume of HKD 140 million; Legend Holdings fell 7.84%, with a transaction volume of HKD 115 million; Sunmi Technology-W rose 2.13%, with a market value of HKD 33.8 billion" datetime: "2026-06-10T03:12:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289266019.md) - [en](https://longbridge.com/en/news/289266019.md) - [zh-HK](https://longbridge.com/zh-HK/news/289266019.md) --- # Hong Kong Stock Movement: Lenovo falls 10.17%: Joint venture company negative factors combined with sluggish Hong Kong stocks, AI layout difficult to save the market **Hong Kong Stock Movement** Lenovo Group fell 10.17%. Based on recent key news: 1. On June 9, Lenovo Group signed an agreement with Tianjin to build a new generation AI infrastructure, planning to invest in the establishment of an AI computing power product R&D and manufacturing center in Tianjin to seize the competitive high ground in the industry. This move is seen as an important layout for Lenovo in the AI field, although the stock price has dropped in the short term, the long-term outlook is optimistic. 2. On June 9, the chairman of Zhenhua Electric stated that the joint venture with Lenovo has underperformed due to the impact of the pandemic, geopolitical issues, and tariffs, and future exit measures cannot be ruled out. This news may have a negative impact on Lenovo's stock price. 3. On June 8, the overall Hong Kong stock market was sluggish, with the Hang Seng Tech Index performing poorly. As one of the constituent stocks, Lenovo was affected by the overall market sentiment, putting pressure on its stock price. The performance of tech stocks in Hong Kong was weak, and market sentiment was cautious. **Stocks with High Trading Volume in the Industry** Xiaomi Group-W fell 4.12%. Based on recent key news: 1. On June 8, Xiaomi Group spent HKD 98.4096 million to repurchase 3.6 million shares, showing the company's confidence in its own stock, but failed to boost the stock price, instead falling due to the overall market sentiment being sluggish. Source: Zhitong Finance 2. On June 8, Xiaomi Group increased its stake in Kingsoft, raising its holding ratio to 5.39%. This move was interpreted by the market as a strategic investment, but it failed to offset concerns about the overall weakness of tech stocks. Source: Zhitong Finance 3. On June 9, Xiaomi launched the MiMo-V2.5-Pro-UltraSpeed mode. Although the technological innovation attracted attention, it did not immediately have a positive impact on the stock price, as the market remained cautious about the profitability of new products. Source: Economic Information Agency, overall weakness in tech stocks, market sentiment is sluggish. Huaqin Technology fell 4.21%. Based on recent key news: 1. On June 9, Franklin Templeton Investments reduced its holdings in Huaqin Technology by 337,335 shares at a price of HKD 95.2238 per share, totaling approximately HKD 32.1223 million. This move weakened market confidence in the stock, leading to a price drop. 2. On June 8, Morgan Stanley increased its holdings in Huaqin Technology by 701,926 shares at a price of HKD 92.5825 per share, totaling approximately HKD 64.9861 million. Although this increase is usually seen as positive, it failed to offset the negative reaction from the market regarding the reduction. 3. Recent fluctuations in market sentiment towards tech stocks have put pressure on Huaqin Technology's stock price. The volatility of tech stocks has intensified, and risks need to be monitored. Lenovo Holdings fell 7.84%, with a trading volume of HKD 115 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Shangmi Technology-W rose 2.13%, with a market capitalization of HKD 33.8 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [03296.HK](https://longbridge.com/en/quote/03296.HK.md) - [03396.HK](https://longbridge.com/en/quote/03396.HK.md) - [06810.HK](https://longbridge.com/en/quote/06810.HK.md) ## Related News & Research - [Lenovo files directors list with Hong Kong Stock Exchange](https://longbridge.com/en/news/289297804.md) - [Lenovo appoints PIF-backed Alat CEO Aldawood as non-executive director](https://longbridge.com/en/news/289297293.md) - [AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns](https://longbridge.com/en/news/288574990.md) - [Numans Health Food Seeks Mandate to Sell Remaining Lenovo Stake](https://longbridge.com/en/news/287708639.md) - [Key facts: Lenovo AI +84%; Memory Costs Risk Margins; Numans Sells 6M](https://longbridge.com/en/news/287411974.md)