OREANDA-NEWS. Shares of the Chinese company Lenovo collapsed by 17.7 percent during trading on the Hong Kong Stock Exchange on Monday, October 11, compared with the close of the previous trading session. On Friday, October 8, the share price was 8.81 Hong Kong dollars (81.1 rubles). At the low of October 11 at 10:10 Moscow time, the securities were trading at $ 7.25 (66.75 rubles). At 10:35, the shares were worth $7.64 (70.34 rubles).

The collapse of securities occurred after Lenovo's decision to postpone listing on the Shanghai Stock Exchange. Following this decision, the company's biggest daily drop in ten years. Lenovo did not explain the reasons for the refusal to place the securities, but expressed the hope that the withdrawal of the application would not have a negative impact on the financial position of the company.

Lenovo is the world's largest manufacturer of personal computers. The company accounts for 20 percent of the PC market. The company's shares are listed on exchanges in Hong Kong and New York.

In mid-September, the AliExpress marketplace recognized the Lenovo IP Gaming 3 laptop as the most popular among its Russian customers following the results of the summer of 2021. The laptop of the Chinese company was ahead of the MSI GF63 and MacBook Air 13.