Movement Alert|Jiaxin International Resources Falls 5.07% in Regular Trading, Metals Sector Weakness and Profit-Taking Pressure Continue

Market Focus
06/10

On June 10, Jiaxin International Resources fell 5.07% in regular trading, trading at 81.65 HKD/share, with trading volume of approximately 48.69 million HKD.

On the news front, the diversified metals and mining sector came under broad selling pressure, with sector peers including Ximei Resources down 7.55%, CMOC down 4.04%, Wanguo Gold Group down 3.70%, MMG down 3.26%, and Lygend Resources down 1.37%, reflecting significant industry-wide weakness.

The stock had previously rallied sharply from a low of approximately 76.6 HKD on May 28 to a high of 93.65 HKD, driven by tungsten price stabilization signals and the US accelerating efforts to rebuild its domestic tungsten supply chain. The rapid accumulation of short-term gains has continued to generate profit-taking pressure. Similar pullback patterns combining sector weakness and position unwinding were observed on June 4 and June 8.

Jiaxin International Resources is an investment holding company principally engaged in the exploration, development, and mining of tungsten ore, with all revenue contributed by white tungsten concentrate produced at the Bakuta project in Kazakhstan.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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