Hong Kong-listed AI model stocks fall; MiniMax down over 10% at one point, Zhipu over 6%
In short
Hong Kong-listed large-model stocks fell on 8 October 2026. Shares of MiniMax (listed as MINIMAX-W) fell more than 10% at one point and Zhipu (智谱) fell more than 6%, according to CLS and Jiemian. The reports did not give a reason for the decline.
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Hong Kong-listed large-model stocks fell on 8 October 2026, according to CLS, Yicai and Jiemian. CLS and Jiemian reported that shares of MiniMax, listed as MINIMAX-W, fell more than 10% at one point, while Zhipu (智谱) fell more than 6%. Both outlets described the two companies as the two leading large-model stocks in the Hong Kong market. [ 1 , 2 , 3 ]
Yicai reported in a brief headline that large-model concept stocks in Hong Kong traded lower, without naming companies or giving figures. None of the three reports gave a reason for the decline or closing prices. [ 1 , 2 , 3 ]
Why it matters
CLS and Jiemian describe MiniMax and Zhipu as the two leading large-model stocks in Hong Kong, and both fell sharply during trading. The coverage came from business outlets and reports only the price moves, so the wider significance is not clear from the documents.
Key facts
- Hong Kong-listed large-model concept stocks fell on 8 October 2026. [ 1 , 2 , 3 ]
- MiniMax, listed as MINIMAX-W, fell more than 10% at one point. [ 1 , 3 ]
- Zhipu (智谱) fell more than 6%. [ 1 , 3 ]
- CLS and Jiemian described MiniMax and Zhipu as the two leading large-model stocks in Hong Kong. [ 1 , 3 ]
Confirmed by several sources
Still unclear
- Why the stocks fell. None of the reports gives a cause for the decline.
- Where the shares closed for the day. The reports cover moves during trading and give no closing prices.
- Which other large-model stocks fell. Yicai reported that large-model concept stocks fell but named no companies or figures.