Huawei's Mate 60 Pro Launch Fuels Speculation and Boosts Chinese Chip Stocks

Chinese chip stocks experienced a rally on Wednesday following the launch of Huawei Technologies' new Mate 60 Pro phone. Investors speculated that the phone may be equipped with a 5G capable chip, which would be a significant win for China's local semiconductor sector. Since 2019, Huawei has faced restrictions imposed by Washington, prohibiting the company from purchasing advanced chips and software from US companies.

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