🔴 Lenovo Group is trading 4.1% down today on price-hike reports and broader tech selloff

Lenovo Group is trading 4.1% down at HK$21.34, extending a multi-day pullback from recent highs as investors react to potential margin pressures.

• Shares recently dropped nearly 10% following reports that the company will raise prices across all product categories starting in July to offset surging memory costs.
• The price-hike plans have sparked investor concerns regarding demand elasticity and the company's ability to maintain margins amid rising input expenses.
• Today's decline is further pressured by a broader selloff in technology stocks as the sector faces profit-taking and valuation-related headwinds.