MiniMax Group is trading 10.72% down at HK$182.30, amid broader Hong Kong technology-share pressure linked to hotter-than-expected U.S. inflation and renewed interest-rate concerns. - No reliable company-specific announcement or event explaining the October 15, 2026 decline was identified. - Hong Kong’s technology index opened down 2.21%, and a market report described MiniMax among Chinese technology stocks weakening sharply. - The evidence supports a broader risk-off explanation, not a company-specific catalyst.