Huawei sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights

SHENZHEN, China/SHANGHAI, Aug 30 (Reuters) – Chinese chip stocks rallied on Wednesday following Huawei Technologies' (HWT.UL) launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would mark a win for China's local semiconductor sector.

Chip stocks rally after Huawei's low-key launch of new Mate 60 Pro phone comes via ChinaTechNews.com.