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.
Investor confidence in the German economy exceeded forecasts in April23.05.2018
Industrial orders in UK declined in May to a minimum since November 201616.05.2018
German investor confidence in the country's economy remained in May at the level of April15.03.2019
Inflation in Germany remained at 1.7% in February