World's worst tech stock Lenovo Group may lose Hang Seng index status

Lenovo sank to its lowest since October 2009 on Monday as a US ban on ZTE Corp and a global selloff by hardware manufacturers added to jitters about China's technology sector

Lenovo Group  is increasingly at risk of being dropped from Hong Kong’s benchmark equity index as its shares tumble more than any other technology company in the world.

The Chinese computer maker has fallen 56 per cent since being added to the Hang Seng Index in March 2013, wiping out $5.8 billion in value. Companies removed from the gauge in the past decade had seen their value fall a median of 48 per cent before being excluded, according to Bloomberg calculations.

Lenovo sank to its lowest since October 2009 on Monday as a US ban on ZTE Corp and a