Asia Tech Wire (July 15) -- Shares of a Chinese tech company with a special name soared after an assassination attempt on former U.S. President Donald Trump.

Shares of Wisesoft Co. (002253.SZ) hit a limit up at 11.22 yuan per share on Monday.

In response, the company said, "There is no way to determine the reason for the stock price hike, but the company's operation is normal."

And Chinese netizens analyzed that the surge in Wisesoft's share price was related to the assassination attempt of former U.S. President Donald Trump.

On Saturday local time, Trump suffered an assassination attempt at a campaign rally in Butler, Pennsylvania, injuring his right ear.

Following the incident, prediction platform Polymarket showed that Trump's probability of winning the 2024 U.S. presidential election soared to 71%.

Interestingly, Wisesoft's Chinese name sounds like "Trump Wins Big."

As a result, after Trump survived the deadly assassination attempt, Wisesoft's stock price rose due to its special name.

In fact, when Trump won the presidential election in 2016, the Chinese tech company's shares soared as a result.

And Wisesoft also rose at one point during the first debate of the 2024 U.S. presidential election between U.S. President Joe Biden and Trump, which took place on June 28th.

Founded in 2000, Wisesoft focuses on aviation-related businesses, mainly air traffic control, and new businesses based on artificial intelligence.

The company is a leading provider of air traffic and ground-based intelligent transportation systems in China.