Lenovo shares will be excluded from Hang Seng Index

Shares of Lenovo, the Chinese manufacturer of personal computers and electronics, due to a sharp drop in quotes will be excluded from the Hang Seng Index on June 4, Bloomberg reports. Instead, the index will include the papers of the pharmaceutical company CSPC Pharmaceutical Group. This situation will lead to the fact that Lenovo will lose the investment of passive funds tied to the index. According to Bloomberg, the total volume of assets managed by such funds is at least $107 billion. Lenovo shares were included in the calculation of the Hang Seng Index in March 2013. Since then, the company's capitalization has fallen by 56% to a minimum since 2009.

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