MiniMax Group is trading at HK$298 (-6.52%) amid broader technology and AI-stock selling.
- Selling pressured risk appetite on August 18 after a sharp rebound through August 17.
- Investors may also be positioning ahead of 16.5 million cornerstone shares unlocking August 20, potentially adding HK$5.7 billion of supply.
- No new company-specific announcement directly explains the decline; confidence is medium.