---
symbol: "MINIMAX"
name: "MiniMax"
date: 2026-10-28
change_pct: 4.546488872707425
direction: "up"
event_type: "sector_sympathy"
url: "https://perplo.app/why/MINIMAX/2026-10-28"
updated_at: 2026-10-28T11:07:26.807Z
---

# Why MiniMax (MINIMAX) rose 4.55% on October 28, 2026

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.

## Sources

- [Asia stocks rally as SK Hynix earnings boost AI trade; Fed decision ahead](https://www.investing.com/news/stock-market-news/asia-stocks-rally-as-sk-hynix-earnings-boost-ai-trade-fed-decision-ahead-4977421) — Investing.com

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