Asianfin -- Chinese investors are flocking to Wisesoft Co., a lesser-known stock whose Chinese name, “Chuan Da Zhi Sheng,” sounds like “Trump wins big” in Mandarin, just days before the U.S. presidential election.

Shares of Wisesoft surged by the daily limit for the third consecutive day, marking a weekly gain of over 30% despite a broader market slump. The stock previously rallied following Trump’s 2016 victory.

“Wisesoft’s name includes both Trump and winning, giving it a unique appeal for Chinese investors,” said Shen Meng, a director at Chanson & Co. This surge coincides with election-related news that favors Trump, he added.

China’s retail investors are known for chasing stocks with names that sound like popular phrases or people, creating trends based on homophones. For example, in 2023, stocks with dragon-themed names saw increased interest leading up to the Year of the Dragon in the Chinese zodiac.

The Wisesoft rally comes as prediction markets show Trump gaining an edge, while polls indicate a close race with Democratic candidate Vice President Kamala Harris. The stock’s rising popularity has pushed it into overbought territory, as indicated by its 14-day relative strength index.