Hong Kong Stocks Swing From Gains, Losses on Developers, Lenovo


May 24 (Bloomberg) -- Hong Kong stocks swung between gains and losses after yesterday falling the most in seven weeks. Developers slid and Lenovo Group Ltd. surged after saying it’s seeking acquisitions to boost smartphone and tablet businesses.

The Hang Seng Index slid 0.2 percent to 22,621.59 as of 1:39 p.m. in Hong Kong, with about the same number of stocks falling as rising. The equity gauge yesterday fell 2.5 percent, and is headed for a 2 percent decline this week. Volume on the measure today was 2.4 percent less than its 30-day intraday average. The Hang Seng China Enterprises Index of mainland companies climbed 0.1 percent to 10,759.07.