BUZZ-Lenovo hits 3-week peak after 6.9 bln yuan sales in shopping festival

Reuters06-19

** Shares of Lenovo Group jump 6.7% to HK$11.82, on track for their biggest one-day gain since May 27 if trend holds

** Stock top gainer in Hang Seng Index and third biggest gainer in Hang Seng Tech Index

** Lenovo says on its official blog that its sales across the entire online network during this year's 618 Shopping Festival exceeded 6.9 bln yuan ($950.95 mln)

** Sentiment on tech stocks also lift after China securities regulator said it will publish fresh measures to deepen reform of Shanghai's tech-focused STAR market, as part of efforts to improve listed company quality and attract long-term capital

** Hong Kong shares of Bilibili jump 13.3% to HK$137.40, highest since Aug. 9, 2023

** SenseTime surges 9% while Alibaba Health

and NetEase up 4.1% and 2.1% respectively

** In China, the blue-chip CSI 300 Index slips 0.4% and information technology shares eases 1%

** In Hong Kong, Hang Seng Tech Index and Hang Seng Index both rise 1.9%

** Lenovo stock up 7.7% YTD

($1 = 7.2559 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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