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Lenovo Group Ltd. sank the most in almost a decade after Bloomberg reported that China used a tiny chip in a hack that infiltrated almost 30 US companies.
The Chinese PC-maker plunged as much as 23%, its biggest loss since January 2009, in Hong Kong trading.
"Apparently the shares plunge is due to the Bloomberg report on chip hack," said Ray K W Kwok, an analyst at CGS-CIMB Securities Hong Kong Ltd. "Electronics produced in China may be viewed unsafe due to this news and tech shares are falling in general because of that."
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