Hong Kong stocks rise as MiniMax launches open-source AI model
Briefing by News4U · First published
The Hang Seng Index rose 0.69% and the Hang Seng Tech Index gained 2.05% on October 23. MiniMax shares jumped over 16% after the firm released its M3.1 Flash model.
Hong Kong stocks closed higher on October 23. The Hang Seng Index rose 0.69% to 23093.37 and the Hang Seng Tech Index gained 2.05%. [1] [2]
MiniMax shares surged more than 16% after the company released its open-source M3.1 Flash model, which processed over 100 trillion tokens in its first 72 hours and cut costs by 70%. [1] [2]
Other gainers
- CATL rose about 5% as September battery sales reached 222.7 GWh. [1] [2]
- Nio climbed over 4% amid strong auto exports. [1]
Sources
- 港股收评：恒指涨0.69% 科指涨2.05% 科网股普涨 应用软件板块大涨 MINIMAX涨超16%
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