🔴 MiniMax Group is trading 7.4% down today amid DeepSeek’s DS V4 Flash price cuts

MiniMax Group is trading 7.4% down at HK$250.00 amid continued concerns over DeepSeek’s DS V4 Flash price cuts and China’s AI-model competition.

• DeepSeek reduced cached-input pricing by 60%, while other input and output prices also declined.
• MiniMax and peer Z.AI previously fell together, indicating sector-wide valuation pressure rather than a newly announced company-specific event.
• The recent selloff from HK$292.00 on September 10 followed September 11 weakness; no additional major MiniMax announcement was identified for September 14.