Cheung Siu-chung: Lenovo Pullback Reaches Support Level and Offers Value

Cheung Siu-chung believes Lenovo's pullback has reached a support level and offers value at this stage. The Hang Seng Index rose 74 points yesterday to close at 24,345 points, with turnover of $187.5 billion. Global semiconductor stocks were under pressure, with the Japanese, South Korean and Taiwan markets all falling, while the A-shares' sharp afternoon rally narrowed Hong Kong's losses and turned the Hang Seng Index positive.