Why MiniMax (MINIMAX) fell 7.91%
MiniMax (MINIMAX) fell 7.91% on November 6, 2026 — China AI selloff deepens on global tech rout.
What happened
MiniMax dropped 7.9% alongside the China AI & Chips group, which fell as the AI sell-off after the US midterms spread into a global tech rout.
Why it moved
MiniMax trades as part of a China AI basket that moves with global AI risk appetite. When the Nasdaq and Korean chip names sell off on AI-spending doubts, Chinese AI listings get pulled down by the same flows and…
Why it matters
The China AI & Chips theme rests on overseas-use licenses and domestic AI-chip substitution, which had been lifting the sector.
What would break the thesis
If the global AI selloff stabilizes, MiniMax should recover alongside peers and the move will look like sector beta.
Sources
- Kospi plunges 6% amid brutal AI sell-off — Korea Herald