Why MiniMax (MINIMAX) rose 4.55%
MiniMax (MINIMAX) rose 4.55% on October 28, 2026 — SK Hynix AI earnings lift regional AI rally.
What happened
MiniMax rose about 4.5% as Asian stocks rallied after SK Hynix earnings boosted the AI trade, with a Fed decision ahead as an added backdrop.
Why it moved
Chinese AI names share the regional risk appetite that the SK Hynix results ignited, so when the Asia AI complex rallies, a high-beta name like MiniMax gets pulled along even without its own news.
Why it matters
Within the China AI and Chips theme, Chinese AI model developers and domestic chip designers move with shared sentiment about the AI cycle, so this is a sympathy move tied to the theme rather than a standalone story.
What would break the thesis
A hawkish Fed outcome or a reversal in regional AI sentiment would likely unwind the move, since no company-specific news is holding it up.