On May 28, Jiaxin International Resources fell 5.02% in regular trading, trading at HK$76.55 per share, with trading volume of approximately HK$48.79 million.

On the news front, a research report from Guotai Haitong Securities noted that prior inventory releases, increased scrap tungsten supply, import supplements, and export disruptions have driven tungsten concentrate and APT prices into a sustained decline, suppressing profit expectations for tungsten mining companies. The stock had previously rallied on news of a non-binding MOU signed with Pangu Mining Fund (PMF) to explore mineral resource opportunities in Central Asia, particularly Kazakhstan. Short-term profit-taking pressure has now emerged following the consecutive gains.

Within the Diversified Metals and Mining sector, the broader group is under pressure. Among individual stocks, CMOC down 4.07%, Wanguo Gold Group down 3.38%, MMG down 2.93%, Lygend Resources down 3.86%, and Ximei Resources down 2.84%.

(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.)