HK-listed Legend falls to 8-mth low as unit Lenovo plunges

TPK Holding Co

05/10/2018 05:54

** Shares of Legend Holdings Corp  3396.HK  fall as much as
6.4 pct to HK$22, the lowest since Feb. 9, and set for a third
session of decline, following a more than 20 pct plunge in its
unit Lenovo Group  0992.HK  
    ** Legend's stock later trims losses to HK$22.65, still down
3.6 pct, and heading for the biggest daily percentage decline
since Sept. 18
    ** Legend, a Chinese investment holding company with
interests in finance, real estate, and information technology, 
is the largest stakeholder in computer maker Lenovo, holding
29.1 pct 
    ** Shares of Chinese hardware companies dive on Friday, led
by Lenovo, following a Bloomberg Businessweek report that U.S.
tech companies' systems had been infiltrated by malicious chips
inserted by Chinese intelligence agents  urn:newsml:reuters.com:*:nH9N1US025
    ** The Hang Seng sub-index tracking IT hardware firms
 .HSITHI  falls 5.5 pct, heading for the biggest daily
percentage decline since June 19. A sub-index tracking IT stocks
 .HSCIIT  eases 2.1  pct   
    ** Hong Kong-listed shares of Chinese telecommunications
equipment maker ZTE Corp  0763.HK  loses as much as 14 pct,
Apple  AAPL.O  supplier AAC Technologies  2018.HK  is down 5.6
pct, Cowell e Holdings  1415.HK  down 4.4 pct
    ** Apple's Taiwan suppliers also slide, with Genius
Electronic  3406.TW  falling 8.4 pct, TPK Holdings  3673.TW 
losing 6.2 pct and Foxconn Technology  2354.TW  sliding 1.6 pct


 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)