Former President Donald Trump attended the Republican National Convention on Monday evening, as his survival of an assassination attempt against him prompted a meme stock's surge in China.BRENDAN SMIALOWSKI/AFP via Getty ImagesWisesoft stock surged 10% after former President Trump survived an assassination attempt.Wisesoft, known as a meme stock in China, often sees price jumps linked to Trump events.Chinese retail investors trade Wisesoft shares as a joke, leveraging its Trump-related name.A Chinese tech firm with a name that sounds like "Trump's Big Win" enjoyed a surge in its stock price on Monday after former President Donald Trump survived an assassination attempt in Pennsylvania.Chuanda Zhisheng, also known by its English name Wisesoft, saw its share price rise from 10.20 CNY to 11.22 CNY, or $1.40 increasing to $1.55.That's the maximum that the company's shares could have risen on Monday while trading on the Shenzhen Stock Exchange, which limits price changes to 10% per day.Wisesoft has a meme stock reputation in China because its Mandarin name comes from Sichuan University, which is known colloquially as "Chuan Da."Coincidentally, the Chinese nickname for Trump uses the same character as "Chuan," with "Da" translating to "big."The second half of Wisesoft's name means "wise triumph," so the entire moniker can be taken to literally mean "Trump's Big Win" or "Trump's Great Victory."Chinese financial news outlet Southern Finance Network reported that a company spokesperson said the reason for Monday's price jump for Wisesoft "couldn't be determined" as nothing had changed in its operations.Its intended name is "Sichuan University Wise Victory." The company was founded in 2000 and specializes in using tech and AI for air traffic management.The company also saw its share price leap by the maximum daily limit on June 28, the day after President Joe Biden's disastrous debate performance against Trump.Pockets of Chinese retail investors are known to trade meme stocks simply because their names sound phonetically like references to real-world events.

 

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