LiuLiu Plum Slips Amid Cooling AI Speculation Hype
LiuLiu Plum (6658.HK) slipped 0.67% during regular trading on Tuesday to HK$149.
The snacks company listed on the Stock Exchange of Hong Kong on June 15 and initially rallied 193.71%. It reached an all-time high of HK$165 on June 22 before gradually correcting as speculative interest waned.
The stock experienced heightened volatility earlier after investors mistakenly associated its abbreviated code "LLM" with Large Language Model technology, sparking unwarranted interest in AI-related themes.
