Huawei Drives $34 Billion China Stock Boom in Rare Hot Trades

(Bloomberg) — Huawei Technologies Co. has established itself as the corporate symbol of China’s drive for technological self-reliance. Now the unlisted technology company is also sparking the nation’s hottest stock trades.

It started with the late-August debut of its latest smartphone, the Mate 60 Pro, which lured droves of consumers in the midst of a sluggish economic recovery.