Stock Track | Jiaxin International Resources Plummets 5.96% Intraday on Tungsten Price Decline and Sector-Wide Selling Pressure

Stock Track04-30

Jiaxin International Resources' stock price fell sharply by 5.96% during intraday trading. The decline extends a recent corrective trend for the company.

The movement is attributed to a continued staged decline in domestic tungsten concentrate spot prices, with market participants increasingly willing to lock in profits and offload inventory. Furthermore, rising supply from recycled tungsten has loosened conditions in the short-term spot market, exerting sustained downward pressure on related stocks.

The selling pressure was amplified by broad-based weakness across the Diversified Metals and Mining sector, with several major peers also trading lower during the session.

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