Did you see the stock performance of $STARPLUS LEGEND(06683.HK) this morning? This "Jay Chou concept stock," indirectly held by Jay Chou's mother Yeh Hui-mei, really plummeted today, dropping a whopping 72% in a single day!

At the opening this morning, it rose slightly by 0.8%, but soon after, it plunged 59.2%, straight down to HK$3.81, even hitting a new low of HK$3.71. We’ve always said the market adjustment mechanism is unreliable, and this time we witnessed it firsthand—triggered at 10:30 AM, entering a five-minute cooling-off period, followed by limit trading between HK$3.83 and HK$5.73.

Actually, the reason for this sharp drop, as the company responded to reports, might be due to early investors taking profits, combined with recent market turbulence and pressure on the Hang Seng Index, leading some to sell for gains. However, screenshots circulating online suggest rumors that scalpers fled Jay Chou’s Shenzhen concert, leaving some people feeling scammed. But online information is hard to verify.