Wisesoft's name includes both Trump and him winning and that carries a special meaning for Chinese investors, especially amid election-related reports that bode well for Trump.
Retail investors in China are known for trading in stocks based on homophones, as seen with Wisesoft's surge ahead of the US election.
The rally in Wisesoft may not be sustainable given little change in fundamental support for the company, which has reported losses in recent years.
Historically, meme stocks don't last long in China, and investors tend to overplay these market trends.
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