diff --git a/crates/tool_parser/src/parsers/minimax_m2.rs b/crates/tool_parser/src/parsers/minimax_m2.rs
index 8097889f15..fed31346fc 100644
--- a/crates/tool_parser/src/parsers/minimax_m2.rs
+++ b/crates/tool_parser/src/parsers/minimax_m2.rs
@@ -475,18 +475,15 @@ impl ToolParser for MinimaxM2Parser {
                                 parameters: "{}".to_string(),
                             });
                             self.streamed_args_for_tool[tool_id].push_str("{}");
-                        } else if !current_streamed.ends_with('}') {
-                            // Count opening and closing braces to check if JSON is complete
-                            let open_braces = current_streamed.matches('{').count();
-                            let close_braces = current_streamed.matches('}').count();
-                            if open_braces > close_braces {
-                                calls.push(ToolCallItem {
-                                    tool_index: tool_id,
-                                    name: None,
-                                    parameters: "}".to_string(),
-                                });
-                                self.streamed_args_for_tool[tool_id].push('}');
-                            }
+                        } else {
+                            // Parameter fragments leave the outer object open.
+                            // Braces inside values do not close that object.
+                            calls.push(ToolCallItem {
+                                tool_index: tool_id,
+                                name: None,
+                                parameters: "}".to_string(),
+                            });
+                            self.streamed_args_for_tool[tool_id].push('}');
                         }
                     }
 
diff --git a/crates/tool_parser/tests/tool_parser_minimax_m2.rs b/crates/tool_parser/tests/tool_parser_minimax_m2.rs
index 7ed608795d..8c3f94452f 100644
--- a/crates/tool_parser/tests/tool_parser_minimax_m2.rs
+++ b/crates/tool_parser/tests/tool_parser_minimax_m2.rs
@@ -577,6 +577,79 @@ async fn test_minimax_streaming_empty_parameters() {
     }
 }
 
+#[tokio::test]
+async fn test_minimax_streaming_closes_outer_object_after_nested_value() {
+    let tools = vec![Tool {
+        tool_type: "function".to_string(),
+        function: Function {
+            name: "process".to_string(),
+            description: None,
+            parameters: json!({
+                "type": "object",
+                "properties": {"data": {"type": "object"}}
+            }),
+            strict: None,
+        },
+    }];
+    let input = r#"<minimax:tool_call><invoke name="process"><parameter name="data">{"host":"db.example"}</parameter></invoke></minimax:tool_call>"#;
+    let (_normal, complete) = MinimaxM2Parser::new()
+        .parse_complete_with_tools(input, &tools)
+        .await
+        .unwrap();
+    let expected: serde_json::Value =
+        serde_json::from_str(&complete[0].function.arguments).unwrap();
+    assert_eq!(expected, json!({"data": {"host": "db.example"}}));
+
+    for chunk_size in [input.len(), 7] {
+        let mut parser = MinimaxM2Parser::new();
+        let mut arguments = String::new();
+        for chunk in input.as_bytes().chunks(chunk_size) {
+            let result = parser
+                .parse_incremental(std::str::from_utf8(chunk).unwrap(), &tools)
+                .await
+                .unwrap();
+            for call in result.calls {
+                arguments.push_str(&call.parameters);
+            }
+        }
+        if let Some(calls) = parser.get_unstreamed_tool_args() {
+            for call in calls {
+                arguments.push_str(&call.parameters);
+            }
+        }
+        assert_eq!(
+            serde_json::from_str::<serde_json::Value>(&arguments).unwrap(),
+            expected
+        );
+    }
+}
+
+#[tokio::test]
+async fn test_minimax_streaming_closure_ignores_braces_in_strings_and_resets() {
+    let mut parser = MinimaxM2Parser::new();
+    for _ in 0..2 {
+        let mut arguments = [String::new(), String::new()];
+        for chunk in [
+            "<minimax:tool_call>",
+            r#"<invoke name="process"><parameter name="text">}</parameter></invoke>"#,
+            r#"<invoke name="process"></invoke>"#,
+            "</minimax:tool_call>",
+        ] {
+            let result = parser.parse_incremental(chunk, &[]).await.unwrap();
+            for call in result.calls {
+                arguments[call.tool_index].push_str(&call.parameters);
+            }
+        }
+        assert_eq!(
+            serde_json::from_str::<serde_json::Value>(&arguments[0]).unwrap(),
+            json!({"text": "}"})
+        );
+        assert_eq!(arguments[1], "{}");
+        assert!(parser.get_unstreamed_tool_args().is_none());
+        parser.reset();
+    }
+}
+
 #[tokio::test]
 async fn test_minimax_multiline_parameter_values() {
     let parser = MinimaxM2Parser::new();