---
symbol: "MINIMAX"
name: "MiniMax"
date: 2026-11-06
change_pct: -7.912497090993713
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/MINIMAX/2026-11-06"
updated_at: 2026-11-06T12:07:32.454Z
---

# Why MiniMax (MINIMAX) fell 7.91% on November 6, 2026

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](https://www.koreaherald.com/article/10928857) — Korea Herald

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