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Chinese investors show irrational enthusiasm for Trump ‘meme stock’
The share price of a small Chinese company in financial difficulties has skyrocketed in recent days. The company's only real asset is its name: Wisesoft, which in Chinese sounds like the phrase 'Trump wins big'. Chinese investors are prone to buying shares solely on the basis of a company name.
The share price of a small Chinese company in financial difficulties has skyrocketed in recent days. The company's only real asset is its name: Wisesoft, which in Chinese sounds like the phrase 'Trump wins big'. Chinese investors are prone to buying shares solely on the basis of a company name.
