Legend Holdings' stock plummeted 5.15% during intraday trading on Friday, as profit-taking pressure mounted following a substantial short-term rally.

The stock had previously surged on multiple positive catalysts, including strong annual results from its associated company Lenovo Group, the launch of NVIDIA's N1X chip which positions Lenovo as a key beneficiary, and successive target price upgrades from major international banks.

The decline was exacerbated as Lenovo Group itself fell sharply during the session, dragging Legend Holdings lower in tandem, while the broader technology hardware sector also showed weakness.