Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Trump Shooting Caused 10% Surge in Chinese Tech Company

Daniel Kim Views  

An interesting phenomenon happened in the Chinese stock market after the assassination attempt on former U.S. President Donald Trump. According to AFP, the Chinese software company’s stock price surged.

Stock price surge due to homophone

The stock price of WiseSoft, a company listed on the Shenzhen Stock Exchange, soared to a minimum daily minimum of 10% on Monday. An interesting linguistic element lies behind this phenomenon. The Chinese name of WiseSoft, “Chuan Da Zhi Sheng,” sounds like “Trump (川普) wins with great wisdom (大智).” This coincidental sound match gained investors’ attention, leading to a rise in the stock price.

WiseSoft, also known as “Trump-themed stock”

The company has reacted sensitively to Trump-related issues in the past. For example, stock prices skyrocketed after the last presidential debate and the 2016 election. It started to be recognized as a “Trump-themed stock” in the Chinese market.

“The sight of Trump bleeding after being shot and shaking his fist in the air has sparked Chinese traders to bet on his victory in the upcoming November election,” analyzed AFP.

Characteristics of the Chinese stock market

This case illustrates the unique characteristics of the Chinese stock market. AFP explained, “Speculative trading based on so-called ‘meme stocks’ is common in the mainland, often leading to dramatic price fluctuations unrelated to business prospects.”

As such phenomena often occur regardless of the actual value, investors must be cautious.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda to Start Making Old Parts Again — Starting with the NSX
  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible

You May Also Like

  • 1
    Sizzling Summer: Southeast US Breaks Heat Records as Temperatures Soar

    LATEST 

  • 2
    GSK Korea’s New Boss: What Gunnar Riediger Brings to the Table!

    LATEST 

  • 3
    Is Tesla Behind LG Energy's Massive Battery Supply Contract?

    LATEST 

  • 4
    New Task Force Takes Aim at Stock Manipulators: A Game Changer for Investors!

    LATEST 

  • 5
    Korean President Aims to Cut Red Tape and Boost Business with New Task Force

    LATEST 

Popular Now

  • 1
    Beat the Heat: Agoda's Top 5 Cool-Cation Spots for Summer Travelers!

    LATEST 

  • 2
    Brace Yourself: Prices on Everyday Goods Set to Rise as Tariffs Take Their Toll

    LATEST 

  • 3
    Former Intel Chief Drops Bombshell: Yoon's Fury Over Marine's Death Revealed!

    LATEST 

  • 4
    Taiwan's President Delays Trip to the Americas Amid Typhoon Chaos

    LATEST 

  • 5
    Buddhist Monk’s Prediction Comes True: Annuity Lottery Winner Shares His Story!

    LATEST 

Must-Reads

  • 1
    Sizzling Summer: Southeast US Breaks Heat Records as Temperatures Soar

    LATEST 

  • 2
    GSK Korea’s New Boss: What Gunnar Riediger Brings to the Table!

    LATEST 

  • 3
    Is Tesla Behind LG Energy's Massive Battery Supply Contract?

    LATEST 

  • 4
    New Task Force Takes Aim at Stock Manipulators: A Game Changer for Investors!

    LATEST 

  • 5
    Korean President Aims to Cut Red Tape and Boost Business with New Task Force

    LATEST 

Popular Now

  • 1
    Beat the Heat: Agoda's Top 5 Cool-Cation Spots for Summer Travelers!

    LATEST 

  • 2
    Brace Yourself: Prices on Everyday Goods Set to Rise as Tariffs Take Their Toll

    LATEST 

  • 3
    Former Intel Chief Drops Bombshell: Yoon's Fury Over Marine's Death Revealed!

    LATEST 

  • 4
    Taiwan's President Delays Trip to the Americas Amid Typhoon Chaos

    LATEST 

  • 5
    Buddhist Monk’s Prediction Comes True: Annuity Lottery Winner Shares His Story!

    LATEST 

Share it on...