Reported 28 days ago
Chinese investors are rapidly investing in Wisesoft Co., a stock whose name resonates with 'Trump wins big' in Mandarin, as the US presidential election approaches. The stock has surged over 30% this week, attributed to a trend of retail investors favoring homophonic stock names in China. Despite historical patterns showing meme stocks often have fleeting popularity and Wisesoft's recent losses, the name's association with Trump is fueling considerable interest among investors.
Source: YAHOO