Robot Deal Makes Midea World’s Hottest Appliance Stock: Chart

China’s Midea Group Co. is the hottest stock on Bloomberg’s World Home Furnishings Index this summer as the air-conditioner and refrigerator manufacturer offered to buy German robot-maker Kuka AG. The Chinese company’s stake in Kuka will swell to above 70 percent after the deal closed Friday. Despite a rally in the past week, rival Qingdao Haier Co hasn’t seen as big a boost from its January deal to buy General Electric Co.’s appliance unit, beating out Sweden’s Electrolux AB.

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