On June 18, Jiaxin International Resources fell 5.7% in regular trading, trading at 66.7 HKD/share, with turnover of approximately 273 million HKD. This marks the third consecutive trading day the stock has recorded a decline exceeding 5%.

The stock had previously surged from a late-May low to a high of 93.65 HKD, driven by multiple tailwinds including tungsten price stabilization and rebound, a non-binding MOU signed with PMF to explore mineral resource development opportunities in Kazakhstan, and institutional bullishness on the tungsten sector. The substantial short-term cumulative gains have led to persistent profit-taking pressure. Meanwhile, the broader Diversified Metals and Mining sector is under collective selling pressure, with peers including CMOC down 3.35%, MMG down 2.57%, Wanguo Gold Group down 7.59%, Lygend Resources down 6.38%, and Ximei Resources down 4.97%.

Jiaxin International Resources is an investment holding company principally engaged in the exploration, development, and mining of tungsten ore, focused on the Baquta tungsten mine 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.)