[The move] serves as the latest example of speculation in retail-dominated market.
Shares of a Chinese company whose local-language name sounds like “Trump Wins Big” soared Monday, in the latest example of growing bets on the former US president’s election victory after an assassination attempt.
Wisesoft Co., a software maker whose Chinese name “Chuan Da Zhi Sheng” implies victory for Donald Trump in Mandarin, rose by the maximum 10% daily limit in Shenzhen. The gains came as the dollar rose and Treasury futures fell as traders took stock of the likelihood of Trump winning in November after the shooting.
The full article was originally published by Bloomberg.
Get the Exclusive
11.22.2024