Lenovo Group (0992.HK) — Quality & forensics

Dailies

• Rates — the Fed hikes and the 10-year closes above 5%: the belly sold, the relief unwound, chips back under $505Morning 10 · 17 Sept 2026The optics and interconnect names were bought as hard as anything has been bought this month — Lumentum +9.6% and Coherent +6.9% were the two largest gainers in the S&P 500, Credo +7.4%, Astera Labs +6.6%, Soitec +13.4% in Paris, Lenovo…
• Oil knocks on $100 and Wall Street sells everything but the AI pipe: Intel +9%, Lumentum +11%, Dow −1.2% — Seoul buys the dip and the Kospi is back above 7,000Morning 10 · 9 Sept 2026Hong Kong is down 0.4%, but Lenovo has recovered 4.9% of Tuesday’s 6.2% fall.
• Asia’s chip rally fades into the close: Kospi touches 7,171 and ends under 7,000, Nikkei −1.2% on a 153 yen — and Lenovo drops 6%, Z.ai 10% in Hong KongMorning 10 · 8 Sept 2026Hong Kong sold its AI names outright, Lenovo −6.3% and Z.ai −10.4% after Jefferies cut its multiple.
• Kospi jumps 4% on OpenAI’s new model: SK hynix +7%, Kioxia +9%, SoftBank +10% — while gold and bitcoin slide on the rate-hike oddsMorning 10 · 7 Sept 2026Among our Hong Kong-listed names the split is the same as everywhere else in Asia: the chip-equipment maker ASMPT is up 5.2% at HK$166.80, Lenovo up 0.6%, while Z.ai (Zhipu), the one name in our Foundation Models sub-index, is down 4.6%…