Jiaxin International Resources' stock plummeted 5.29% during intraday trading on Friday, reflecting significant downward pressure.

The decline was driven by broad weakness across the diversified metals and mining sector, with selling pressure extending from the previous session. Despite positive company-specific developments, including a target price upgrade by CICC and an authorized share buyback program, sector-wide flows overwhelmed these factors.

The company's core Bakuta tungsten mine is in a rapid capacity ramp-up phase, but near-term sentiment remains subdued due to the broader market environment affecting the sector.