Chinese tech stocks rose after Huawei Technologies surprised investors with the launch of a 6,999 yuan ($960) smartphone, boosting hopes of advances in domestic chip and mobile phone technology despite U.S. sanctions.
The Mate 60 Pro, which went online without warning, caused a stir among Chinese users who saw in the gadget Huawei's return to the high-end market. Many users posted messages describing its fast wireless performance, prompting speculation that Huawei has managed to realize the capabilities of 5G despite being banned from making chips and cutting-edge technology.
Source (Al-Arabiya.net Website, Edited)
