Lenovo Group Limited
HKG:0992 ISIN:HK0992009065
Lenovo Group Limited develops, manufactures and markets technology products and services worldwide. The Company, through its subsidiaries is engaged in manufacturing and distribution of information technology (IT) products and provision of IT services, property holding and property management, procurement agency, group treasury, supply chain management, intellectual property rights management, and provision of repair services for computer hardware and software systems. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China, and Raleigh, North Carolina. The Company's geographical segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific (excluding Greater China), and Greater China. The Company's product portfolio includes desktop and personal computer notebook. The disposal of mobile handset business was completed in March 2008.
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Asian markets received a bad lead from the US and European stocks while financial, commodity and materials sectors were all hit hard. Most Asian stock markets ended down Thursday ahead of the U.S. jobs report. Japan's Nikkei fell on the deepening fears over Toyota Motor's vehicle recall. China's Shanghai Composite slipped 0.3%, Hong Kong's Hang Seng Index gave up 1.8%.
Asian markets sharply fell on Tuesday with the pessimistic sentiment that the global economic downturn could be lasting longer than expected. Tokyo market ended 1.4% lower, while Shanghai Composite dropped 2.9%, giving up some recent gains. South Korea stocks took a massive 4.1% loss, and Hong Kong's Hang Seng Index slipped 3.8%.
Asian markets opened higher today after Wall Street's gains. Yesterday Asia's major indexes closed broadly weaker on the further gloomy economic data of the US. Tokyo and Shanghai markets were slightly down while Hong Kong stocks gained 0.9% on hope of Chinese government's support to the mainland shares.
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