HK Stock Market Move | MINIMAX(00100) soars over 12%, breaks through the top, launches new "Lobster" skill MiniMax M2.5 dominates the OpenRouter chart.
MINIMAX (00100) surged more than 12%, reaching a high of 1148 Hong Kong dollars during the trading day, refreshing its all-time high.
MINIMAX (00100) rose more than 12%, hitting a high of 1148 Hong Kong dollars during trading, refreshing its all-time high. As of the time of writing, it has risen by 12.94% to 1126 Hong Kong dollars, with a trading volume of 7.8 billion Hong Kong dollars.
On the news front, MiniMax recently announced the launch of the "Lobster" new skills - the new Voice Maker voice model and Music Maker music model skills. Users can use the OpenClaw platform or MiniMax's MaxClaw to give AI assistants the ability to have customized tones, multilingual voice-over capabilities, and more. In addition, the latest data from OpenRouter shows that the weekly usage of Chinese large models has increased to 4.19 trillion tokens in the past week (March 2 to March 8), a 34.9% increase from the previous week. Among them, MiniMax M2.5 stayed at the top of the list, with a weekly usage of 1.87 trillion tokens, a 15% increase compared to the previous period.
A Morgan Stanley research report pointed out that the commercialization of the Chinese AI unicorn MiniMax has far exceeded expectations - the annual recurring revenue (ARR) increased from 100 million US dollars to 150 million US dollars in just two months, a growth of over 50%. At the same time, the usage of M2 model tokens in February 2026 increased sixfold compared to December 2025, with inference costs per token also decreasing by over 50%. The firm maintains an "Overweight" rating with a target price of 990 Hong Kong dollars, representing about 23% upside potential from the current stock price.
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HK Stock Market Move | Storage concept stocks rise, Montage Technology (06809) up more than 7%, GigaDevice Semiconductor Inc. (03986) up more than 3%.

HK Stock Market Move | Capital Airport (00694) plunged more than 9% in early trading, with a total market value falling below HKD 10 billion. It has been officially removed from the list of Hong Kong stock connects starting yesterday.

Donghai Securities: Policies are driving A-share valuation system towards value-driven. Focus on large securities firms for stock allocation opportunities.
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